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Re: WALLnut post# 94196

Monday, 04/03/2017 7:51:35 AM

Monday, April 03, 2017 7:51:35 AM

Post# of 111920
No doubt! I think it's good to keep a log of the MAs and use them as a gauge. I found it odd that the monthly moving averages were going higher as the price went down from my prior update.

April is a new month, a new quarter and investors in larger cap stocks might be looking to take profits and find some better opportunities. If we don't have buy side volume we drift lower. I think the low was done via a wick on the weekly MAs and we'll see if we get a low and rebound from the .0017 level.