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Strategies & Market Trends : John Pitera's Market Laboratory

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To: nspolar who wrote (8625)1/6/2008 11:54:45 AM
From: Hawkmoon  Read Replies (1) of 33421
 
I'd be careful with EBAY. My charts are telling me that it's breaking down on a quarterly basis, with the 13 quarter MA moving below the 22 quarter MA:

bigcharts.marketwatch.com

Now maybe my choice of MA's is faulty, but the stochastic definitely indicates a downtrend commencing..

And if you input monthly indicators, you see a similiar situation, with the MACD going negative and the price trading under the 13 and 50 Month MA's (50MMA inputted separately).

However, I hope your analysis is more correct than mine. Because I don't like the consequences of my analysis for the rest of the Nasdaq.

Hawk
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