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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (1896)10/15/1998 2:11:00 PM
From: Caroline  Respond to of 39683
 
While the tree-view is up, the forest-view is down.

timely.com

Notice the new lows from Aug-Oct. This blip upwards may, in fact, be a good chance to short NCT as it trends downward.

See whether or not the 40-day MA proves to be resistance (short it), or if the price breaks through that line (maybe you have a recovery).

Regards,



To: nokomis who wrote (1896)10/15/1998 2:16:00 PM
From: Caroline  Respond to of 39683
 
nokomis, here's an example that [edit!]Susan reminded me of this morning.

It shows the behavior that NCT has shown, but is slightly further along:

timely.com

Here, resistance is at the 200-day MA, and XRX starts back down again.

And your observation regarding the short-term trend is correct (northeast), but the stock's larger trend is down (southeast).

CB


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