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Alias Born 06/03/2004

Re: None

Thursday, 09/23/2004 9:45:42 AM

Thursday, September 23, 2004 9:45:42 AM

Post# of 51804
Dow giving mixed signals.

Bollinger bands have opened and the price spent the last few days traveling from the upper band to the lower band. This is not good. Expect more downside and the price to hug the lower band.

MACD gave a sell signal a few days ago.

50 Day Moving avg was broken yesterday. This is critical support as computer programs use this as a buy/sell trigger.

The Stochastics are nearing oversold. Limited downside implied.

e-Wave count. Too sloppy. Yesterday was most likely a small wave 3 since it was the longest down day since the relative top.


http://stockcharts.com/def/servlet/SC.web?c=$indu,uu[w,a]dacayyay[dc][pb50!d20,2][vc60][iLp14,3,3!La...

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