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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (9036)5/16/2003 11:23:10 AM
From: Kirk ©  Read Replies (1) | Respond to of 207300
 
RE:
Kirk: Looking at the SMAverages, a 50/200 cross occurred in May of 2002 as well. I would look to see if OB/OS indicators line up in support of that crossing.

You might also note that the 5/2002 crossing took place as the price action approached the 9/2000 FRL, which is what is currently occurring as well.

I am anticipating a tradable pullback/retrace in here, before the price action moves above that FRL, IMO.


Here is a chart investorshub.com

I only see it kissing the 200 SMA line, not crossing, on that scale.

It does seem like a pullback is in the cards as so many indicators are hitting peaks (BPI, VIX, Sentiment, etc...) but I'd like to hear what da cheif sez short term.

what do you mean by "FRL"? I have brain fade here.

tanks



To: HairBall who wrote (9036)5/16/2003 2:19:49 PM
From: Chip McVickar  Read Replies (2) | Respond to of 207300
 
LG,

Here's my look at the price bars today
If a retace were to come... the 875 area ± 10 points looks doable
GZ's spiral on this chart has run out of time and this move higher might well give a little back as the trade establishes new positions after experation.
But the internal measures are very strong, and I expect a strong move higher into September, unless the astro folks are right.

stockcharts.com[h,a]dacannay[d20020913,20030516][pf][J10603001,Y]&pref=G