Thursday, September 06, 2007 6:46:38 PM
Normal a stock would have started it's retrace by now. I see a balance of buying and selling and will see more profit taking tomorrow. Today was first sign of negative buying, to selling ratio. It is lots of MoMo and emotion keeping this up now. Beware I know this is a good stock, but remember what goes up to high on charts will come down and once emotions catch up with loses setting in it will fall very fast. It is normally the guy that dose not know any better. Notice the buys are getting smaller and smaller, cause lots of smart Money is taking profits or already has. Yes RSI is up, but emotions up here can turn in a split second. So those who know I have been trading this and have done very well with the swings. That’s why I geaux with the flow. Trust me I know what emotion of lost can do to a stock been there and got the Tee shirt for it too many times. It was do or die for me to learn T/A and trade smart.
The chart RSI is in MoMo land still, expect another gap up in the morning. The Sars on intraday charts look to trigger on the first pull back if you lose .033 presently on the 30 min it will start it's re-trace to ware hell who knows they way this has been acting. But I do know that there is a lot of weight on top of all charts ready to bring her down. Look at the CMF still down low, because the balance of buying and selling has been just handing it over to the next guy that takes it.
FYI even in MoMo land RSI yes dose give direction but at this time it is very risky IMO.
Not trying to be a bad guy and some think this may be bashing.
I have my Cash do you. You do own it till ya take it.
GLTY all and trade smart
GF
5 & 10 Sar is already over the candle others or set and ready to trigger with out support on the pull back.
15 min chart
http://stockcharts.com/h-sc/ui?s=SWVC&p=15&yr=0&mn=0&dy=5&id=p81693587817&a=...
30 min chart
http://stockcharts.com/h-sc/ui?s=SWVC&p=30&yr=0&mn=0&dy=8&id=p53823747636&a=...
60 min chart
http://stockcharts.com/h-sc/ui?s=SWVC&p=60&yr=0&mn=0&dy=15&id=p30394801382&a...
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