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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?


To: Gush who wrote (826)6/14/2005 12:34:15 PM
From: Walkingshadow  Read Replies (1) | Respond to of 4814
 
Gush, this chart has "trouble" written all over it.

Professional gap down, then the dead cat bounce rally failed at gap resistance.

stockcharts.com[w,a]daclyyay[dc][pb50!b200][vc60][iLk14!Lyb20,2.0]&pref=G

Note Williams on this chart.... sell signal. Also a failure at the 200 sma and a bear cross.

There is what at first appears to be bullish divergence. But I think that is artifactual because of the big gap down; the stochastics are sort of "resetting." I see technical trouble:

139.142.147.218

This stock is very weak now, and IMHO represents a good short when resistance is better defined.

T