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Strategies & Market Trends : Classic TA Workplace

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HerbVic

MGV

To: MGV who wrote (203604)	6/28/2013 11:03:01 AM
From: Henry J Costanzo	2 Recommendations of 209892

I'd assign no significance to an MA as long as 200weeks. Measured triangle move to 390 has now been met…Not a precise "target", but warrants watch now for any signs of stabilization and reversal patterns….first of which would be break above the DT line from mid-Jun…today at 396ish and, of course, falling 4/5 points a day.. Wold also keep an eye on 8dMA and 21dMA…frequently watched by active traders, who probably would not be interested in any long side until they see a break above at least the 8dMA which today sits at ca. 404

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