DSTI
DSTI CHART
Breakouts and Technical Analysis of Chart Patterns
AVCI (Avici Sys.) Broke out at 9.66 on 2X normal volume
LMNX (Luminex Corp) Broke out at 19.92 on 2X normal volume - Will be
presenting at the UBS Global Life Sciences Conference to be held
September 25-28, 2006, in New York City
NITE (Knight Capital) Broke out at 18.25 - The industry has been
reporting well so I would expect a bit of follow through
RAI (Reynolds American) Broke out at 65.60 -
Let's talk about the Golden Cross and the Death Cross. No, we're not opening a deck of cards and telling your fortune. These colorful terms refer to patterns you probably use every day in your trading but don't refer to by these names. Along with its many cousins, they comprise a whole division of technical analysis. You might know them better as moving average crossovers.
Moving averages emit vital market data, but all of them exhibit one common limitation: They lag current events. By the time a 20-bar average curves upward to confirm a trend, the move is already underway and may even be over. While faster incarnations (such as exponential averages) will speed up signals, all of them ring the trading bell way too late.