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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Bill Cotter who wrote (36048)	1/31/2002 2:16:50 AM
From: Johnny Canuck	Respond to of 68045

Thanks Bill, I will look at the fundamentals a bit more when I get a chance. It may also be being painted with the same brush as GX and WCOM. The 50 day EMA has been good support the last few months. The easy way it cut through that average today is not a good sign. It look like it bounced off the 100 EMA, which is the point a lot of institutional buyers set their buy stops. As long as it does not break that average it is still in an up trend, so it might be worth a bounce trade. It needs to follow through on the bounce tomorrow though. I would only consider it a day trade at this point. Stick to the 30 minute rule (ie... only enter if you is above the close yesterday after 30 minutes). One more negative, the money flow has been trending negative the last two months despite the rise in the stock price. askresearch.com