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Friday, August 03, 2007 7:22:17 AM
Good morning: GSIEF chart below Enjoy your Friday
1. See 50 sma headed to 200 sma Golden cross coming.
2. MACD Histogram ready to turn to upside.
3. RSI sits and poses calmly at 70 powerzone indicator.
4. My ole buddy Joe Granville's OBV shows a net accumulation of about 12-13 million shares. Folks, that is the approximate float.
5. These facts, all without a T&S print. We have not needed a print thus far because we have the luxury of intelligent thoughtful investors involved here.
Conclusion:
Accumulation based on forward looking and finally determined fundamentals always rules the final disposition of any technical/chart activity.
There are no realistic sane exceptions to this rule when subjected to critical thought.
Congratulations to all.
1. See 50 sma headed to 200 sma Golden cross coming.
2. MACD Histogram ready to turn to upside.
3. RSI sits and poses calmly at 70 powerzone indicator.
4. My ole buddy Joe Granville's OBV shows a net accumulation of about 12-13 million shares. Folks, that is the approximate float.
5. These facts, all without a T&S print. We have not needed a print thus far because we have the luxury of intelligent thoughtful investors involved here.
Conclusion:
Accumulation based on forward looking and finally determined fundamentals always rules the final disposition of any technical/chart activity.
There are no realistic sane exceptions to this rule when subjected to critical thought.
Congratulations to all.
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