AI
Wednesday, December 17, 2003 9:28:17 PM
Pants, if you're looking to grab $.50 or a buck, I'd say you have a chance on a quick short, but the longer time frames are all against you, e.g., the 120 min is less than halfway up and the 195 has just come up out of oversold.
The daily is showing positive divergences between the momo oscillators and price, which implies an upward bias. Plus, a lot of shares have moved over the last three days, which implies that ... well, that a lot of shares have moved. {g} But seriously, it looks like this week may have seen a (mini)-selling climax.
If I had to guess, I'd say it's going to go looking for the top of its trading range, (broadly speaking), before it goes back and looks for the bottom of the range.
All JMDO,
DYODD etc.
(:
The daily is showing positive divergences between the momo oscillators and price, which implies an upward bias. Plus, a lot of shares have moved over the last three days, which implies that ... well, that a lot of shares have moved. {g} But seriously, it looks like this week may have seen a (mini)-selling climax.
If I had to guess, I'd say it's going to go looking for the top of its trading range, (broadly speaking), before it goes back and looks for the bottom of the range.
All JMDO,
DYODD etc.
(:
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