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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 (1644)8/2/2005 1:20:17 AM
From: Walkingshadow  Respond to of 4814
 
No, I got stopped out of DNA.

DNA does look strong now with today's candle and break thru resistance:

139.142.147.19

Long term chart is improved now also, but DNA is still showing early signs of exhaustion:

139.142.147.19

The sector is overbought also:

139.142.147.19

So DNA is close to a correction IMHO.

T



To: Gush who wrote (1644)8/2/2005 3:11:47 PM
From: fiboman  Read Replies (1) | Respond to of 4814
 
Question on No;;inger Bands.

DNA has two well defined bubbles, one in March-April and the second one in April-May. The third one is not so well defined and the fourth one being formed now is so-so.

I you count the number of bars, in this case days, from the expansion to the contraction, you come up with a number near 20 if not right on 20.

Since 20 is the basis of the the standard BBand, how do you factor that in your analysis?