Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (26906)	11/25/2011 2:18:30 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 219274

The one thing I find very frightening about this recent downturn is that we just put in Weekly black closing Marubuzu candlestick on the DIA, SPY and IWM (Rut2000) with very minor shadows. candlesticker.com And coming off what appears to be a breakaway gap to the downside in the previous week, I'm not going to be positive of a reversal until we see Weekly MACD bottom out. And of course, the sad thing is that the 200 Week (simple) MA is still descending. It just never recovered any upside trajectory after getting "bent over" in Oct, 2008. Hawk