Asleep at the Wheel

[rich pearl]

thanks green, but the INMG chart is a pretty easy read, there's very little rocket science to it. logic and paying attention to the extra details -- the indicators -- is really all that is necessary. fact is, there's a reason that charts are used and worked by mm's, traders, brokers, and the such. in this day of the fast chip computer, where algorithmic trading is a standard, chart reading has never been more important.

as for INMG, you need only look at the direction of the indicators -- they are all southbound -- to see what is happening. finding support and resistance is simply a matter of studying the trend lines and historic points.

that said, this has been run up without the necessary volume and pregnant pauses needed to keep it orderly. unless there is a catalyst tomorrow to challange the perception of the chart, this is going to test the 50ma. not that that's what i want, but reality is not a t.v. show.

happy trading

rich