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To: N/E PATSFAN who wrote (5139)11/20/1997 1:56:00 AM
From: Galirayo  Respond to of 9262
 
[ 50DMA ] NEPF,

Don't get me wrong. I love to hear your input. You are a Smart and Honest Dude.

But, to me that 50DMA is like a Traffic Signal. Flat is Cool.

Down without a consolidating base is Spooky.

Up is Cool. Unless ... it's at the End of Wave 5.

But watch the 50 closely. It's a good indicator.

Ray

Disclaimer: I may play a stock with a Down 50 but may never mention it because of it's short term up and Long term down potential.
Just trying to share some lessons learned. The hard way.