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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC -- Ignore unavailable to you. Want to Upgrade?


To: Mahatmabenfoo who wrote (48)1/14/1999 9:20:00 PM
From: Jibacoa  Read Replies (1) | Respond to of 1150
 
UPTREND <<< But I did not refer to any level, not even in jest>>>
Sorry, again Charles, but you should go back and read your previous post, it may refresh your memory.

You stated: "10 day average at 2.90, 25 at 3.50 and 50 at 3.65"

If the 10 day average is below the 25 day average, the stock in my opinion is not in a near term UPTREND.

And FYI the Dow is now on a near term DOWNTREND,and if it breaks the "support" at the 9000 level you will probably see an acceleration of the downtrend. And FYI when the Dow came below the 10 day average last year on July 20, it started a downtrend and when the "support" at the 8600 level was broken on August 4th it accelerated the downtrend that carried it down to 7400 level on September 1st.

I don't care if you laugh about TA. I pay attention to it, because I do not like swimming against the current, and as I said it has given me a few good profit opportunities over the years.

Have a good day.