AI
Wednesday, November 29, 2006 8:28:54 AM
Hi renshen1...I see this is your first post...
On my board, so I'd like to say:
...To the Board!!!...
re: MCZ...
The hourly chart shows it consolidating in an uptrend, but the Bollinger Bands are fairly tight so it doesn't have much up or down side...Money Flow is weak, but OBV and Accumulation are looking real strong...The rest of the the Indicators are fairly neutral except the MACD which is looking weak...The big drop off in Volume is the red flag here...It either gets some big Volume to push it up out of this range, or it will fall to attract more Volume...
The daily chart shows that it was outside the upper BBand for a few days, then moved sideways to get back inside it...The Moving Averages look strong, and so do the top three Money Indicators-CMF, OBC, and A/D...The CCI is in trouble though, and if it crosses down through the +100 line it's bad...RSI is strong but downticking...ADX looks OK...But it's been Overbought for the last five sessions...The MACD looks real healthy...But again, the dramatic decrease in Volume is a red flag to me...
Overall, it's a very strong looking set of charts...It may be done with this run and want to take some of it back...If I was in this one, I wouldn't let it break below the support levels of .063 and .065 becuase if it does, the charts turn from the bull to the bear...
If you're not in yet, wait for a big increase in volume and for it to breakout above the resistance levels of .07 and .071 to jump in with both feet...
Good Luck To All ;^))
On my board, so I'd like to say:
...To the Board!!!... re: MCZ...
The hourly chart shows it consolidating in an uptrend, but the Bollinger Bands are fairly tight so it doesn't have much up or down side...Money Flow is weak, but OBV and Accumulation are looking real strong...The rest of the the Indicators are fairly neutral except the MACD which is looking weak...The big drop off in Volume is the red flag here...It either gets some big Volume to push it up out of this range, or it will fall to attract more Volume...
The daily chart shows that it was outside the upper BBand for a few days, then moved sideways to get back inside it...The Moving Averages look strong, and so do the top three Money Indicators-CMF, OBC, and A/D...The CCI is in trouble though, and if it crosses down through the +100 line it's bad...RSI is strong but downticking...ADX looks OK...But it's been Overbought for the last five sessions...The MACD looks real healthy...But again, the dramatic decrease in Volume is a red flag to me...
Overall, it's a very strong looking set of charts...It may be done with this run and want to take some of it back...If I was in this one, I wouldn't let it break below the support levels of .063 and .065 becuase if it does, the charts turn from the bull to the bear...
If you're not in yet, wait for a big increase in volume and for it to breakout above the resistance levels of .07 and .071 to jump in with both feet...
Good Luck To All ;^))
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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