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Oracle Chart Foretells Continued Downside Pressure


Wednesday February 7th, 2007
Oracle Chart Foretells Continued Downside Pressure
by Mike Paulenoff www.MPTrader.com
Oracle Corp. (Nasdaq: ORCL) peaked well before the NDX in general (1/16), and has been stair-stepping to the downside from 19.75 to the 17 area (-14%), and still shows no signs of an impending upside pivot reversal. If anything, ORCL looks like it could accelerate to the downside for a full-fledged test of is rising 200 DMA, now at 16.33.
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