AI
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Thursday, August 31, 2006 10:32:04 PM
SLJB
I am pretty well convinced this thing is going to suffer locally and retrace. We'll have a better idea soon, but there are enough critical indicators that are crossing down over support now, and with Money Flow, OBV and Accumulation in the toilet as earlier observed, that I have trouble seeing any upside to the chart.
Aroon is going to go T/U tomorrow, and Slow MACD(13,52,9) has carved the momentum downturn in stone now. These kinds of trends are deep seated and a stock doesn't turn quickly while in them.
I don't see any reason in comparing this with a piece of another chart, zoomed in looking for similarities. My hairy navel looks like any other hairy navel, but you zoom out and you have no trouble telling me from my dog.
I am pretty well convinced this thing is going to suffer locally and retrace. We'll have a better idea soon, but there are enough critical indicators that are crossing down over support now, and with Money Flow, OBV and Accumulation in the toilet as earlier observed, that I have trouble seeing any upside to the chart.
Aroon is going to go T/U tomorrow, and Slow MACD(13,52,9) has carved the momentum downturn in stone now. These kinds of trends are deep seated and a stock doesn't turn quickly while in them.
I don't see any reason in comparing this with a piece of another chart, zoomed in looking for similarities. My hairy navel looks like any other hairy navel, but you zoom out and you have no trouble telling me from my dog.
