Comments on: Why you shouldn’t have been Yahoo!-ed

By: Avoiding the big drop at Rule 1 Numbers

Avoiding the big drop at Rule 1 Numbers — Thu, 21 Sep 2006 14:05:35 +0000

[...] A recent post on the Global Growth Investor website gives two reasons why you should not have had any money in Yahoo! when the drop occurred. Once again, it has to do with investing only with the trend. The advice they give is to not invest in any stock that has a dropping 200 day moving average or a dropping 50 day moving average. Yahoo! had both. [...]

By: Spike

Spike — Thu, 21 Sep 2006 02:50:17 +0000

Yep, two simple MA rules woulda done it!

If not them, perhaps the July weekly chart with SHS neckline break.

Or perhaps the broadening triangle pattern and bearish band action in July.
Chart at http://www.technicaltrades.net/2006/09/20/yhoo-2/

One thing’s for sure…… I wasn’t YHOO’ed yesterday!