Replies to post #52276 on Koil Energy Solutions Inc. (KLNG)

[techisbest]

Exactly. One other item to note about that chart is the "death cross" (50 MA crossing the 200 MA) that was discussed almost two weeks ago.

As has been pointed out, that indicator is a lagging one. But it was also probably responsible for the large move down that took place.

Here is what I said:

http://investorshub.advfn.com/boards/read_msg.asp?message_id=26684540

There is usually additional short-term downward movement following the cross because so many traders watch for it. Note that AAPL did go from around $60 to around $50 following the "Death Cross" before turning around.

If there is a "Death Cross" for DPDW, watch closely for a turnaround. I don't think that the DPDW of today is the same as the DPDW of 2006.