Replies to post #119248 on Mike Lindell Media Corp (MLMC)

[olico ™]

Just waiting on that next FAT candle UP jrod, ;)

[was CA$H]

OT- Jrod- I don't think you read the entire thread...

I have complete respect for charts and chartists... As soon as I find time I want to study and learn more about indicators and chart interpretation.... I just don't have the time to devote to it right now...

I have read a few books on indicators and charting over the last few years and can set up a chart... but I am not close to using them to trade or being able to interpret them nearly as eloquently as you..... someday maybe.

I hope that clears things up... wasn't knocking chats.

While writing that I felt like I have written something similar on this board before...lol

GLTA

-YOLO

[Suppressed Sound Link]

[jrod]

"Golden Cross Over" Re-post and update:

Here is the link:
http://www.investorshub.com/boards/read_msg.asp?Message_id=9431027&txt2find=golden

Also of interest (to me at least) is...The Golden Crossover, which is the MA 50 crossing above the MA 200 and it occurred on or around the 23rd of November. Many people have misconceptions regarding this crossover. I posted my beliefs on this crossover and I believe it is time to reflect on those posts.........(It is VERY IMPORTANT to Remember this refers to a "Long Term Trend")

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Definition

"When a stock’s current price breaks above its average price for the past 200 days, it is considered to have broken its long-term trend. This is bullish because it means that every new buyer of the stock is willing to pay more than the average price paid for the past 200 days.

When a stock’s current price breaks below its average price for the past 200 days, it is considered to have broken its long-term trend. This is bearish because it means that every new buyer of the stock is willing to pay less than the average price paid for the past 200 days."

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Posted by: jrod
Date:11/23/2005 2:43:03 PM


"Golden Cross opinion...---I have played many of these and I believe that the 50ma cross above 200ma is just the first signal to watch. Typically the stock will dip following the actual cross and consolidate for a short while. once it finds support it will begin a new swing to the upside.

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Posted by: jrod
11/21/2005 8:03:14 PM


"IMO the GOLDEN cross is huge but it must COMPLETE and CONFIRM the cross and then begin a breakout to the upside from the 200ma base to be a valid play. IMO (posted in Nov)"

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(update 01/26/06): we are approaching the "MA 200 Base" currently

(update 03/20/06): We held the MA 200 base support and we are currently above the MA 20 and the MA 50.


GZFX / Chart