I'm long for a swing trade. This market is getting fun again as I'm beginning to see some nice ST swings on the long and short side....
http://stockcharts.c...14303&r=617.png
Large Cap NDX Bellweather
Started by
Cirrus
, Feb 23 2007 03:32 PM
3 replies to this topic
#2
hiker
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Posted 23 February 2007 - 03:37 PM
yhoo blew its top on the move above 30
now 34 is above for the next poss. zone
YHOO may move with more consistency long term than EBAY, but who knows?
one difference is the 200 week sma for YHOO is below, and is above for EBAY
Edited by hiker, 23 February 2007 - 03:39 PM.
#3
Cirrus
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Posted 23 February 2007 - 04:17 PM
I like EBAY over YHOO. JMHO.
#4
hiker
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Posted 23 February 2007 - 04:34 PM
fyi re EBAY...the downtrend line is likely the most operative aspect of this trade from a long standpoint and potential pause point on any advance from here
200 week sma is 36.13
20 month sma is 35.53..price is now above the 15 month sma, which represented today's low
the week's low is represented by the 5 week sma
I show one weekly d/t line drawn from the Dec '04 high terminating near $35, and below the 200 week sma
Edited by hiker, 23 February 2007 - 04:36 PM.
