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To: JRI who wrote (66873)2/20/2003 10:26:33 AM
From: jjstingray  Read Replies (3) | Respond to of 209892
 
JRI.

Yesterday we had a crossover of the 5 and 15 day moving averages. I follow these quite closely. You can go and backtest this. Everytime they cross, we get big moves up or down. Typically of late, they have crossed to the downside with dramatic selling. This is beginning to look like October with the big gaps.

Could it be that we have a top in March and not a bottom like everyone thinks?

stockcharts.com[e,a]dhclyyay[dc][pb5!b15!f][vc60][ilb14!la12,26,9!ld20!lp14,3,3!lk14!lah12,26,9!ll14][J9429638,Y]&pref=G



To: JRI who wrote (66873)2/20/2003 10:53:11 AM
From: Shack  Read Replies (1) | Respond to of 209892
 
At this point I like the truncated 5th wiggle. This is building an impulsive down off the top today.

Smelly is still relatively strong though and that should worry those looking for hard down today.