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To: The Freep who wrote (79415)8/20/2003 2:15:25 PM
From: Henry J Costanzo  Respond to of 209892
 
Freep.....Should have known I could get a charge out of you - and maybe wake a sleepy thread - by mentioning BKX and C.......<VBG>

First...........note that my language was fairly carefully hedged:

<< may be changing........may be moving .....bears watching....>>

With due apologies to the thread, have to say that I was looking mostly at the wiggles.......Good move up in C late yesterday, on good volume....higher low so far today .....positive divergences - although very slight - in RSI/MACD.......and not least, holding in a weak market.

Looking at the daily C...not exactly brilliant, but neither is there anything I would call a breakdown.........50SMA still rising...... 20SMA beginning to level off and touching the 50 (usually good place for a turn) .....with RSI and MACD improving.......and volume declining throughout this month.
.
And add to that (what has often been my downfall).....gut feeling...... and,I won't deny, my usual bullish bias....g So, with those disclosures, take it FWIW.

PS........Slow typer, so while I was at it, C moving from near HOD to near LOD!



To: The Freep who wrote (79415)8/20/2003 2:34:31 PM
From: Henry J Costanzo  Respond to of 209892
 
PS......Should have noted.......With all my trying to rationalize it away, fact remains that BKX daily still has a possible H&S situation which I certainly will be watching very closely.......g.