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Re the debate on trend ending/not with an OD, this can be easily tested and
I'm working on it (will send results to the list).
How would one classify the OD in CSCO yesterday with Daily Chart
a/ Sideways pattern broken downside on heavy volume
b/ ADX rising (downtrend strengthening), -DI > +DI
c/ Variety of support levels broken
d/ Some oscillator divergences setting up = the hallmark of new or strongly
emerging trends.
Beginning/ending?
Classical tech analysis says this leg of the downtrend in CSCO is just
beginning.
Gitanshu
Long CSCO + Puts.
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