Wednesday, August 07, 2013 9:39:08 PM
XUII Simple Chart: closed right @ 0.15 support zone.......checkout the 1st of May.......the level the whole Pump started.......June 11th & 12th support levels were hit today.........& you can see on June 20th 0.15 zone was tested & held........
XUII is @ a crucial level on the charts.........0.015 zone must hold or a drop to 0.10 & a GAP fill will follow.....
inevitably 0.10 will get hit........the question is sooner or later?......pretty darn close to that level now considering XUII was just @ 0.754 & a 52 week high on July 23rd.........massive drop in a few days........insane......
GREEDY PIGS GET SLAUGHTERED.........LONG PIGGIES & SHORT PIGGIES GET SLAUGHTERED.......THE KEY IS: DON'T BE A PIG...........
That said, I expect a Fib retrace @ some point......right now MA(200) is the 1st resistance level followed by MA(100)........if you look @ MACD on this chart you'll see the MACD Line has dropped in a very steep angle.......a cliff......just like when I post the MACD Line looks like Mt. Everest on an extremely overbought chart a very steep drop is unsustainable......look @ the June drop on the MACD Line for an easy comparison.......the pullback was unsustainable and a bounce/rally followed........
It works both ways.......unsustainable moves are just that, unsustainable.........XUII is currently on an unsustainable downward drop.......the MM's will do their job @ some point & allow XUII to bounce......it will happen......they alway's bounce........Shorts have to cover......when they do a short cover rally follows......greedy bears get SLAUGHTERED when they wait too long to cover & fight w/ the bulls for a good price......this causes huge upswings.......
Simple Charts work well, as NW knows, in making the charts easy to read..........this XUII simple chart clearly shows XUII is temporarily oversold........just look @ RSI @ 38.06....... The exact same level as the June 12th massive bounce that sparked a rally........
Oh yeah, I forgot, some people don't like charts & TA.......lol.......GOOD LUCK W/ THAT!.........
XUII on Bounce radar..........$$$
XUII is @ a crucial level on the charts.........0.015 zone must hold or a drop to 0.10 & a GAP fill will follow.....
inevitably 0.10 will get hit........the question is sooner or later?......pretty darn close to that level now considering XUII was just @ 0.754 & a 52 week high on July 23rd.........massive drop in a few days........insane......
GREEDY PIGS GET SLAUGHTERED.........LONG PIGGIES & SHORT PIGGIES GET SLAUGHTERED.......THE KEY IS: DON'T BE A PIG...........
That said, I expect a Fib retrace @ some point......right now MA(200) is the 1st resistance level followed by MA(100)........if you look @ MACD on this chart you'll see the MACD Line has dropped in a very steep angle.......a cliff......just like when I post the MACD Line looks like Mt. Everest on an extremely overbought chart a very steep drop is unsustainable......look @ the June drop on the MACD Line for an easy comparison.......the pullback was unsustainable and a bounce/rally followed........
It works both ways.......unsustainable moves are just that, unsustainable.........XUII is currently on an unsustainable downward drop.......the MM's will do their job @ some point & allow XUII to bounce......it will happen......they alway's bounce........Shorts have to cover......when they do a short cover rally follows......greedy bears get SLAUGHTERED when they wait too long to cover & fight w/ the bulls for a good price......this causes huge upswings.......
Simple Charts work well, as NW knows, in making the charts easy to read..........this XUII simple chart clearly shows XUII is temporarily oversold........just look @ RSI @ 38.06....... The exact same level as the June 12th massive bounce that sparked a rally........
Oh yeah, I forgot, some people don't like charts & TA.......lol.......GOOD LUCK W/ THAT!.........
XUII on Bounce radar..........$$$
Learn to read Charts & Technical Analysis.....all are welcome....post your own charts & T/A & join the discussion
http://investorshub.advfn.com/$$$Ospreyeye-Charts-Technical-Analysis-&-Japanese-Candlestick-Patterns$$$-26060/
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
