Grifco Inc (GFCI)

[cyofish]

Andy, I agree T.A. on a pink is useless. However, we're not talking T.A. here, just an obvious trend. Anyone can see the consistent downward pattern in Grifco's price pattern. You can draw a striagt line at the top of above and below the trend and you can see that Grifco has been going straight down within a channel. On a dialy basis it will be green one day and red the next but the overall pattern is a lower high and a lower low. Until the pattern breaks out of that channel and starts marking consecutive higher highs, there is really nothing to rejoice about.

http://stockcharts.com/h-sc/ui?s=GFCI&p=W&b=5&g=0&id=p43086039615