Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 197.62

+1.2%

Dec 24 12:59 PM EST

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To: Sabrejet who wrote (6795)	4/6/1998 9:41:00 AM
From: WBendus	Read Replies (2) of 19080

"Taking out a 21, 50 or 200 dma is only significant under specific conditions, none of which are remotely close at this point." What are you talking about. Technical analysis requires no pre-existing conditions in order to have any meaning drawn from it. That is the beauty about it. A drop in price, regardless of the fundamental reasons behind the move, is a negative. Going below support (21, 50 & 200 DMA), is a negative. A gap down opening followed by a lower close, is negative. Overbought Stochastics with %k crossing below %D is a negative. The short term technical picture of ORCL is VERY NEGATIVE. Wayde.

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