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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: KymarFye who wrote (62814)11/19/2000 6:49:36 PM
From: el paradisio  Respond to of 99985
 
Well,no one is free of errors... the lines on their charts perfect, but I was caught by their bullishness on WCOM...
On Jan 13/00, they posted a weekly chart of WCOM with a long legged hammer at 48 1/4 , with the comments:

"...sticks like this on a weekly charts are much more meaningful than on a daily chart...this is BULLISH all the way"
By that time, the stock was already in a downtrend below 200,50 and 20 MA and it was heading up on negative money flow...
Since that...I mostly do my own research <g>
Regards,
el