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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: SouthFloridaGuy who wrote (95528)4/12/2000 1:39:00 PM
From: SouthFloridaGuy  Respond to of 108040
 
Unless we get a miracle today, CSCO will close below 67.5 - the 50 day Moving Average, while making lower lows and lower highs.

A very bad technical sign.



To: SouthFloridaGuy who wrote (95528)4/12/2000 1:43:00 PM
From: stan s.  Read Replies (1) | Respond to of 108040
 
For some reason I've always preferred the 40 day ma. On a chart like CSCO it holds it to a fractionally higher standard. The 50 works too.

It's already broken a relatively strict open/close short trendline (yesterday) and I'm not cutting it much slack in regards to it's movement today as it relates to the Naz.

In other words if CSCO does not end almost even, it's a slap at the nasdaq IMO.

Neither has been able to hold attempts at recovery.

Stan