InvestorsHub Logo
Followers 0
Posts 51
Boards Moderated 0
Alias Born 09/14/2005

Re: gaboy47 post# 3499

Thursday, 05/04/2006 8:53:31 PM

Thursday, May 04, 2006 8:53:31 PM

Post# of 30387
gaboy, simply put...I've been doing this for a long time and what I see is what will turn out to be the end of a 2-year correction (practically to the day) from the run-up to $4 in April '04 to where we bottomed out @ $.70 in April '06. Technicals point to a powerful upleg that has already begun. Bocxman is right on w/ his mention of a "high tight flag". Price action and volume are key! Also, we are just about to get what is referred to as a "golden-cross"...where the 50 day moving average crosses in front of the 200 day. Now on its face, one could consider this to be technical gibberish, but when you think about it, there is ample significance here, as it shows that the the average price over the last 50 days is greater than that of the last 200 and on STRONG volume, this is very important!!! There are also some positives I see with price oscillators and standard deviation/price volatility but the key points are highlighted above.


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.