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Dragon Lady

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Re: Investaholic33 post# 9962

Tuesday, 06/10/2014 5:22:31 PM

Tuesday, June 10, 2014 5:22:31 PM

Post# of 106844
If it closes "green" on ONE DAY, it means nothing regarding the "trend" or "trend" line.

Because one doesn't understand the basics, that doesn't change the truth. It's in a DOWN TREND, and it's a fact based on the trend line.

Look at the 50 DMA and the 200 DMA and look at the fundamental trend line. ONE day's close- is not how "trends" are established. LOWER HIGHS and LOWER LOWS, that's what it's doing as the "trend". A down trend, since the peak of .08 and subsequent rapid collapse from there.
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