REED - a near perfect pincher play (ADX, PPO pinch). Today it bounced and hit the Parabolic SAR, knocking it down below. The Full Sto (overlayed upon the PPO chart) has met the PPO line and has separated upward. TRIX had a sharp uptick, as did Willie (Wm %R).
Next resistance levels to watch are the EMA 13 (.92 and falling), then the 20 SMA (middle Bollinger Band) which is 1.07 and falling. Beyond that would be the 1.25 area from late Sept, and then the 50 MA (1.67 and falling).
Thanks to 'MrBigz' for his excellent Pincher Play tutorials :o)
