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Re: xanadu post# 196337

Wednesday, 08/23/2006 2:04:20 PM

Wednesday, August 23, 2006 2:04:20 PM

Post# of 286614
xanadu - I understand your perspective but you are missing a critical point. Do you think money managers watch technicals? Of course they do. Whenever a stock reaches a resistance level, money managers will do two things: push it ahead or drop it back down.

So, if we cross 50 RSI, that means MM have changed there think and may let your PPS finally rise. This may happen in conjunction with good news.
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