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Re: fringe_remnant post# 5703

Thursday, 10/26/2006 5:43:48 AM

Thursday, October 26, 2006 5:43:48 AM

Post# of 202893
MACD is a trailing indicator so it is hard to predict the future off of that. However, it has found support at the 50 MA and resistance at the 100 MA, but it is forming a symmetrical triangle which is bullish. I think you have till the end of the week max before this makes a run. How far? I don't know....maybe only to a penny, but resistance is gone until you reach the 200MA at around 3-4 cents once you pass the 100MA at .0075. I think it depends on how long it consolidates. The RSI and OBV scare me a little because they are so high, but they have not formed a divergence yet.

CALL or PUT at your own risk. I offer opinions and nothing else. Good luck.

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