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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Jan Crawley who wrote (28694)8/30/2000 1:06:33 AM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Jan,

On my daily short-term analysis there is a little more potential downside, but on the weekly the bottom should arrive either this week or next week. So you are close to some sort of a bottom.

The 50 DMA just intersected the 200 DMA. Does the 50 DMA continue to break across the 200 to the downside or bounce. You should be getting some sort of a bounce soon but the trend could still be down with lower highs and lower lows.

Watch the forthcoming rebound. If it produces a LOWER HIGH, it may still be in a downtrend.