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


To: Monty Lenard who wrote (35850)5/10/2002 7:20:32 PM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
You sure have, Monty, and I'd love to be around when it fills that gap from early April. But take a look at an MM-type chart. Yes, it's up against strong resistance near 128, but if it broke above it, it could head a lot higher. On my chart, the 8/8 level is at 137.5, and the +1/8 level at 140.625. What's more, short-term MACD is heading for a 0 crossover up, and longer-term MACD appears to have reversed back up. And it seems to have developed an immunity to the market pullbacks lately, like a super-bacteria. So there will be a time to strike, but I don't know that it's arrived quite yet.

Oh, and durned if there isn't a parabolic SAR buy signal today in the daily eSignal chart.