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Re: DeepBlue1 post# 18747

Friday, 08/11/2006 4:29:02 AM

Friday, August 11, 2006 4:29:02 AM

Post# of 24183
Weekly, I see increased money flow and based on your annotations, I see your channel possibly forming between .0068 as support and .015 as the top.

Resistance levels .0084, .0087, .0096, and .011 on the way to .015.

.005 would be the lower support, double bottom possible.

MACD still undetermined and overall just needs volume to go back up. I'm not familiar with your method, but it definitely looks within reason.

I typically like bottom plays with increased volume compared to previous volume levels. I use Quote Tracker first thing in the AM to find the new volume runners and try to get in quick.

Of course it all depends on whether I can get up on time. :)



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