that is a great explanation by Ryan. "How it gets to a trend line" - that always
needs to be included in the discussion

unless youre steeped in technical analysis knowledge, buying MA's will hurt you
more than help. like fundamentals, you cant just use one metric. it would be
like saying xyz company has good margins so buy it (even though they have a pile
of debt)

http://stockcharts.com/h-sc/ui?s=MCD&p=D&yr=1&mn=0&dy=0&id=p12144376718

in this chart, we can see MCD just sliced and diced its 20 day MA. using RSI
(above the price chart) we can see the last three times it got above 70, the
stock has pulled back to the 200 MA. though, this is not always true. look to
oct, nov 2007 to see how this cant be followed all the time. we can now look at
MACD (measure of momentum) to see that each of these times it also reached 1.5,
then pulled back to at least 0. we further use CMF (short and sweet explanation
is that it measures if its closing near the highs and on volume--when its in the
green that is), this is about to cross below 0. the translation is that it is
having a lot of weak closes. finally, we see a volume spike at the all time
high. i would see that as shorts covering their positions and getting out of the
way, mixed with people who are already long, taking profits.

given what ive outlined above, it looks like it will trade lower, *perhaps* to
its 50 or 200 MA. but the absolute buy point is going to be dependent on HOW it
gets to a price, not that it meerly gets there.

I think it will dip below $58. Then pounce.

I own MCD, but I own a full position so Im not buyi more. I just looked at the
MCD 10 year PE range. The PE today is reasonable. The PE was lower (but not by
much) for a 5 month period in 2002, a 3 month period in 2005, and 2 months in
2006.

An entry point? $59 to $60.50 (if I was going to buy more but I dont even like
hamburgers)

that is very funny, Missy, you're on your wit today

haha, love the previous answer. I'd at least wait for a pullback below $60. The
company is doing very well, even in parts of the globe that are struggling to
grow, but the stock is just up too much lately for me to want to chase it for a
long-term hold.

The MCD close to your house only LOOKS full, there are actually very few people
in the restaurant, but they all have large bodies from eating that food, so it
only LOOKS full, do your research!!...couldn't resist....lol!!