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Strategies & Market Trends : Charts With An Attitude; Trading In & Out
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To: john Kurisko who wrote (4621)2/1/1998 1:52:00 PM
From: GR   of 4701
 
this is a very tough chart to call.,basically macd is stilll + so it's technically in uptrend,except macd histogram is bearish.Although sochastic is not oversold,it is low,and together with bollinger band and most importantly a + candle indicate to me a bullish monday at least.nte if the stochastic continues up,it will have a good up move.the dow and nasdaq also have a + macd but it may be that the up move is over as sto is at the top(overbought)and the candle negative.So my guess is slightly up on monday.
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