InvestorsHub Logo
Followers 0
Posts 102
Boards Moderated 0
Alias Born 07/03/2007

Re: NJHowie post# 586

Friday, 07/20/2007 3:45:56 AM

Friday, July 20, 2007 3:45:56 AM

Post# of 1278
Altho at this pt my decisions are also based on other mkt drivers, from a straight TA standpt, I'd have to say that I agree w/ Chart. In my opinion, there is a consolidation occuring. Despite these past few days, we are still comfortably above the support levels I view as significant. Whether influenced by a few or many, this has been made clear as our stock seems to encounter support at specific levels. Altho from one perspective the MACD does indicate a down trend, contrarily, the specific MA that I've consistently relied on for stocks such as ours also indicates that the circumstances are very much in our favor. At this pt, I am very willing to wait for a buyer's push because I don't see any danger whatsoever. Besides, if other mkt drivers end up workin' in our favor, we probably will see all-time highs.