Edited by hiker, 22 February 2007 - 11:43 AM.
HPQ
Started by
hiker
, Feb 22 2007 11:30 AM
2 replies to this topic
#1
Posted 22 February 2007 - 11:30 AM
plot rising tops t/l and rising bottoms t/l on daily since '04 and note intersection near today's low just now reached
the prior upside move above this rising tops t/l is when the rally accelerated in Oct .06...price has bactested this t/l in two periods of time since
the tops t/l is easy..the support t/l has numerous versions
price has had unbroken support in recent mos. of the 5 mo sma....price is breaking this MA on intraday basis now
#2
Posted 22 February 2007 - 11:47 AM
price has also move below the 20week sma
sell signal on daily using the MA crossover system posted here in recent weeks
no confirmed sell signal on weekly
#3
Posted 22 February 2007 - 03:42 PM
thx hiker....recently put in the 1st lower high on the daily in a very long time. definitely a nice run, but it may be done for a good while.....still long from wayyy back but fortunately put on partial hedges (sold aug 45 calls/bought May 42.5 puts) pre-earnings.