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To: herry iball who wrote (6155)1/23/2002 4:12:46 PM
From: kodiak_bull  Read Replies (1) | Respond to of 206200
 
Herry:

It's lower highs, lower lows, about to cross the 50 DMA into plunge land:

stockcharts.com[h,a]dhclynay[pd20,2!b50!b200!b25!i!f][iut!Uk14!Ub14!Ud20!Lc3!Lf!Lh14,3!La12,26,9]

It's batting about zero for nine on indicators, it looks like it's just one easy plunge to 46, then another plunge to 41.

Perhaps Mr. Le Bum would care to comment? (I gotta hop and make a tennis time).

Kb



To: herry iball who wrote (6155)1/23/2002 4:38:24 PM
From: chowder  Respond to of 206200
 
herry, I don't see a head and shoulders pattern, but my eyesight isn't the best in the world anyway. What I do see with COF, is a stock who broke resistance on several levels today, indicating this stock has some more downside.

I see the Relative Strength Indicator breaking down below the 50 line. Bearish!

I see the CCI, which measures momentum, crashing down below the zero line. Very bearish!

I see excessive amounts of money flowing out of the stock. Another very bearish.

And I see the stock as being sold off according to the OBV indicator.

To make matters worse, the price closed below the 50 dma today and closed at the low.

stockcharts.com[h,a]daclyiay[pb200!b10!b50!f][vc60][iut!Ub14!Ud20!Lc5!Lg]

If this stock doesn't rebound quickly, I see good support in the 50 range, then down to the 45 range.

The ideal spot to short would have been the day it closed under the 200 dma. I keep talking about these moving averages, they are critical for entry and exit points.

dabum