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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (13537)	5/9/2004 11:50:38 AM
From: Little Joe	Respond to of 110194

Anybody have technical thoughts on it, I could always use help? stockcharts.com[l,a]dacln... I think it is a very easy chart to read. It very much like the top is in. I say this based on the declining RSI at all of the peaks into the April Top. We have had 3 lower tops since then, but no lower lows. There is a triangle formed along the highs from the April highs and along the lows after the april highs. If the bottom of the the triangle breaks, it would have to break through the 50 day ma. as well. So to sum up a breakout through the bottom of the triangle (especially on high volume) would be a great sell signal. (Caveat- The accumulation indicators that I use in Worden are not all that bearish) Hope this helps. Little joe As to Carnival I would play the breakout of the double top which looks to be in the 41sih area and projects to 36.