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only in the stock market can someone decide to invest in something AFTER its gone UP in price 10-20% because its a good buy and if the price goes down, sell it because its a bad investment.
go figure
M
How bout that?
it is the easiest way to get your warning lines...notice how MCP obeyed the warning lines...
2 forks? and a 3rd one on top?
hmm? something new?
Hi BT!
nice chart :)
I'll take a lucky guess... it'll dip to 1200 and turn towards 1500 direction as a long run?
BT, Monthly...interesting. Great MAs....
On the daily we are currently failing the 50 after trading a bit above it. Normally a short term sell signal - so you're target at that 1290 ish area may be good to watch for.
I noticed that there is a potential magnet point down there at 1200 (where the 20 ma is getting ready to cross over the 150 MA. 1250 a possibility. But in short term, I like that 1275-90 area as a bounce area if a breach of 1301 occurs though.
Not saying either way, but you can read the monthly a couple of different ways - especially given the kinda of candles we have seen over past 2-3 months (long tails at highs it looks like...so the action around these candles may be a key area to watch.
Morning star wannabe on the monthly??????? Find out at tomorrows close...
Hi BT! You know, 'same old same old'...just raising boys and holding down the fort. Trading here and there but this board-- guys (and gals)-- is golden.
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Home for predictive Charting.
Post charts and not opinion..
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