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S&P 500
5,929.04
(
2.53%
)
US TECH 100
20,238.00
(
2.79%
)
Dow Jones
43,729.93
(
3.57%
)
Brent Oil
75.07
(
-0.42%
)
Bitcoin
75,672.13
(
9.17%
)
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dmlabuda

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dmlabuda

Re: ~ TRT ~ post# 6390

Saturday, 07/07/2012 4:49:21 PM

Saturday, July 07, 2012 4:49:21 PM

Post# of 16407
Anytime the price is trading below the 200 candle moving average, that's a downtrend. Interestingly enough, the daily price chart is also in a downtrend and resistance has been firm anytime the price rallied to the 50 day MA. A stock that is following an establish trend tends to remain in that trend until acted upon by an outside force. Event though there is high volume here and a slowing of momentum, the trend is still down and there are no other obvious signs of a market bottom quite yet. It's worth watching but, I would not be buying yet.
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