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


To: Logain Ablar who wrote (41131)4/27/2004 8:03:53 PM
From: Johnny Canuck  Respond to of 69886
 
I have to say I am taking the opposite position to Zeev here. The 2113 indicator really is indicating we should exercising caution here. It could still break back down into the down trending channel, but for now it is consolidating at the top of the channel and just above the 200 MA. It sure looks like it wants to break upward. I will wait for the break on way or the other, but either way a major trend change is in process of happening. T2113 is the percent of stocks 1 STD below the 200 MA.



To: Logain Ablar who wrote (41131)4/28/2004 3:40:31 PM
From: Johnny Canuck  Respond to of 69886
 
This is day 3 of the current sell off in the COMPX. The COMPX needs to form a higher high in order to maintain any kind of underlying bullish trend. A break of 1994 would create a decided bearish trend. Confirmation would be the break below 1978 the recent low.