Friday, February 09, 2007 10:57:21 PM
That long-term chart is a good starting point. But it really doesn't show much.
Here is the one I am looking at.
Note that the CMF turned positive (green) at the end of January. It needs to run green longer to confirm a positive trend. But it is already underway.
Also, looking at the ADX, the +DI (green) is way positive, indicating that there is a lot of buying going on. And the -DI (red) is much lower, indicating not much selling.
This is the configuration of indicators that I look for because it shows that the stock is under accumulation. As the float is bought up the PPS has to go higher.
Best of Luck.
VV
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