AI
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| Posts | 1981 |
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| Alias Born | 03/17/2014 |
Monday, May 05, 2014 12:35:27 PM
From a chart angle this isn't as bad as it looks to you. Check out the BAA chart. Going back in time there is NOT A SINGLE GAP. Having BAA dip a bit to fill gap it opened with is bullish as long as it doesn't break below that double-bottom.
Believe it or not we actually want BAA to fill any gaps down here now because as history has shown us, if BAA doesn't fill those now it will fill them later. Outside of material events that always happens. The chart guys can explain this a lot better than I can.
The way I see it the chart is at a critical juncture. The MACD is dead even as I write this, the RSI is heading north and if the Accum/Dist can do the same we'll see a nice pop for BAA this week ahead of next week's expected Q1 earnings release.
Believe it or not we actually want BAA to fill any gaps down here now because as history has shown us, if BAA doesn't fill those now it will fill them later. Outside of material events that always happens. The chart guys can explain this a lot better than I can.
The way I see it the chart is at a critical juncture. The MACD is dead even as I write this, the RSI is heading north and if the Accum/Dist can do the same we'll see a nice pop for BAA this week ahead of next week's expected Q1 earnings release.
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