Befriend the Trend Trading Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Befriend the Trend Trading

SPY 690.27

0.0%

Dec 26 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: go4it who wrote (2805)	1/26/1999 10:09:00 PM
From: Caroline	Read Replies (1) of 39683

CB, As I look at my list of 15 or so stocks I watch each day, I'm struck by the NWAC pattern as compared to Citigroup: C: timely.com Here we also have a flat trend after a recovery from a steep slope downward, but with some bullish differences. First, the 40 day MA is moving up -- even when you can't tell if the stock is flat or moving up, the MA will always give you the truth. The price of C is moving up. As the 40 day MA ascends, it is about to cross over and above the 200 day MA -- just as I said you'd want to see with NWAC. If you are a fan of TA patterns, you will note that the two moving averages are actually drawing an ascending triangle right onto the page for you, no rulers required. Stochastic says "buy" and it is a reasonable, though not great predictor for the price of this stock. This consolidation phase is lasting longer than I would have thought, but if I could time these things I'd be richer than I am. (the other) CB

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next