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

To: TechTrader42 who wrote (27248)	1/8/2002 4:15:05 PM
From: Davy Crockett	Respond to of 52237

Thanks Brookelise for pointing that out....Take a look at the Dow and its 200 SMA in the daily and weekly charts. Also, in the weekly chart, there's an interesting thing going on with the candlestick today and the real body of last week's candlestick. It'll be interesting to see whether the Dow plunges into the shadow of last week's weekly candle, and whether the Dow can hold above the 200 in the daily and weekly charts. so I took your advice & checked out those charts... & then I went to the monthly view. Yuck IMO! Increasing price on volume that has all but disappeared. Interesting. Also note that the Dow might be suggesting a bounce (or worse) off the 21 monthly ema. FWIW stockcharts.com[w,a]wacaniay[df][pc21!b50!f][vc60][iLg!Lh39,1] oops sorry Stockcharts does not have monthly charts anymore:( I guess the weekly chart will have to do. Please keep up the comments & your keen insight into the market. Regards, Peter