Saturday, May 21, 2005 2:42:59 PM
The 5MA is a powerful trend line to watch. It literally follows the price very tightly. Most of the time...
When the price gets below the 5MA, it is not a good sign as the price may be in for a dip. The price tries to adjust within the 5 days that it is geared for.
When it falls below the 13MA and 25MA then its pretty sad... imo
I then watch for the swing or pivot point. In this case when the 5MA crossed down below the 25MA was my indicator along with the oversold in the stochastics that this might be turning around. And almost on key... it did.
Now the fun part... since the 5MA is supposed to be the leading MA and is below the 25MA and 13MA... it has a need to break through those two to get on top. Each MA it is about to pass should give it more oomph to push through. Once it moves above the two, they should start chasing the 5MA again, which will draw the 50MA toward the 200MA and create the golden cross.
If all works out, the price should be moving between .03 - .05 by then.
http://stockcharts.com/def/servlet/SC.web?c=tnog,uu[g,a]dicayyay[db][pb50!b200!b25!b13!b5][vc60][iut...
Anything can happen and often times will....
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