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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: Ron who wrote (9865)1/28/2009 3:29:14 PM
From: Galirayo   of 41404
 
Many years ago I worked overtime on scans to pinpoint this particular Set-Up.

MACD ready to cross at the Zero Line .. Daily Price High penetrating over the 50dma .. Slow or Full Sto set for a Crossover above the 20 line and nearer the 50 Line ... PSAR Ticking over as support.

Follow thru with Price is Mandatory here for the Bull case .. otherwise it's in a minimalist 2 up .. on the Hunt for a Major Plunge into a 3 Down.

stockcharts.com

The Weekly is in agreement with momentum crossovers .. but overhead R is another issue .. it's everywhere overhead.

stockcharts.com

In other words .. this set-up may hit a lot of EOD Technical Scans tonite even if the 50dma and the Aroon Lower Horizontal line holds as R at the close. This is the 3rd recent test of the 50dma.

Add your Volume Confirmation and it looks to be on the weak side for a Run to the upside.

Possible crossover with the 13ema over the 50dma looms on the horizon if price has follow thru.
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