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Alias Born | 11/08/2005 |
Monday, June 12, 2006 10:42:11 PM
Because:
1) overall moving averages are still BULLish!
2) We touched the lower BB which stands for Bullish Bull bands
3) not to mention that the bands are tightening to some degree.
4) Even if we are on a nose diving trend downwards into a bottomless pit, it usually bounces up from the lower BB before it takes a dive.
5) Williams says we're slightly oversold .
6) 26day money flow is still in positive territory.
7) people are accumulating and it's a steady upward trend
8) there's plenty of room in the stochastics for it to pierce through upwards.
And this ain't no BULL!
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