AI
Friday, September 26, 2003 12:31:28 PM
pantmaker, it looks to me like it's trying to bottom out.
It's got trend line support:
All of my intraday charts are in oversold, except for the 30 minute, which is close and headed that way.
Daily chart shows sto & ppo both oversold, with price pushing down on the lower BB:
The big snag is the weekly chart, which shows a negative divergence between price and stochastic, (just barely confirmed by ppo), plus declining volume on the last run up.
Overall, my best guess is that it should pop for a buck or two here, but anything more than that depends on how much farther down the overall NAZ goes before turning.
It's got trend line support:
All of my intraday charts are in oversold, except for the 30 minute, which is close and headed that way.
Daily chart shows sto & ppo both oversold, with price pushing down on the lower BB:
The big snag is the weekly chart, which shows a negative divergence between price and stochastic, (just barely confirmed by ppo), plus declining volume on the last run up.
Overall, my best guess is that it should pop for a buck or two here, but anything more than that depends on how much farther down the overall NAZ goes before turning.
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