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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (8646)1/7/2002 2:02:39 PM
From: Oral Roberts  Read Replies (1) | Respond to of 23786
 
I think what we will see is the fifty cross over the 200 which many would look at as a buy or at the very least positive, I don't believe it would be considered a resistance point. The RSI to me still means that this high is being made with less conviction then the last which leaves it suspect. That is the negative while it looks like your getting a cross over on the MACD above the 0 line which would be good I guess.

But to me the story as of right now is a high made with lower RSI, a doji showing indecision on Friday and now a gap up with a down day below the close of Friday really says to me that we want to go down.

I am short though so take my thoughts with a grain of salt.



To: Jorj X Mckie who wrote (8646)1/7/2002 2:04:31 PM
From: Junkyardawg  Read Replies (1) | Respond to of 23786
 
dang man, I'll be glad when you learn to speak english;-)

back to that chart with the RSI showing a divergence on the COMP. RSI has turned a little bit down at this point. Also, wouldn't we be seeing a little resistance as the 200dma comes up to the 50dma?