First, it is in Quicksand, and has been in Quicksand for almost a year now. Does not seem to be showing any inclination to be coming out of Quicksadn either, so keep this at the very front of your mind - which means tell your self that IF you do fins a trade that you want to enter, BE VERY NIMBLE AND READY TO EXIT at a moments notice of weekness.
Now, for the short-term indicators (Seen in the top chart that I posted): I see a possible, but very shakey Magic Box that tried to form, but I do not like it. The Aroon has come down and the Williams is coming up to confirm, but it looks too shakey for me.
I do like the ADX DI+ crossing above 20 and taking dominance over the DI- and the Full Stoch coming up after it crossed the its signal line to the upside; but these are not enough to give me any confidence in this stock mired in Quicksand. You could always get a quick move, but do you want to take on all that risk for the POSSIBILITY of a big move when you could look at a stock with a better long-term history that has just as much potential to make a nice move? Yes, you may miss the first 20% of the move, but how many do you get into a losing situation before you pick the one that actually moves? Sometimes a nice big move out of Quicksand can be QUITE profitable, but I would give up that first 20% or so for some historical price movement to minimize the downside risk. I want to have it move enough to develop enough of a trend to get it into at least pre-Gold Rush status, before risking my money.
The medium-term indicators (in charts 2 and 3) all look pretty ho-hum to me except for the Fast Stoch which had a nice cross to the upside a few days ago - not enough to draw my interest here.
Again Ken, I always welcome your critique of my critique, until I establish a pretty definite history of not missing the fine points that you see.
AI
