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Re: BonelessCat post# 1009

Monday, 06/12/2006 10:42:11 PM

Monday, June 12, 2006 10:42:11 PM

Post# of 146299
My humble thoughts: We will see it end green very very soon, maybe even tomorrow, because we're as low as we can get. Why did I come to this conclusion?

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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