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Friday, 08/13/2010 2:39:54 PM

Friday, August 13, 2010 2:39:54 PM

Post# of 2145
Re: GOOG - Bearish signals

TA:
13 AUG 2010 - TECH-NOTE: STRONG bearish signal per following:
1 - RSI prints a lower high as it attempts to cross its 45-EMA line
2 - RSI fails rally above its 50-line
3 - Price fails to rally above its long-term trendline and weekly 20-EMA,
4 - Secondary indicators are pointing downwards since recent rally, suggesting continued weakening,
5 - A/D, OBV and CiOsch are favoring selling side per their 21-EMA


GOOG - 36-Mo., Weekly Chart:


- Dalcindo

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