ERF Wireless, Inc. (ERFB)

[mediascan]

KyInvestor, here is your TA I promised.

RSI: about to cross negative, last at 50.31
Keltner Channels: failed middle, lower is .69
ma50: touched and tested .85 today (first test, usually 2 to 3)
MACD: crossed negative on the 24th
Slow STO: pointing down
Fib lines: used 6 month and most recent highs and lows.
came up with two sets: .88, .73, .58
second set: .73, .61, .49

My conclusion:
If ma50 fails, then the stock should test the .73 to .69 area.
If that holds, then wait for signs of trend reversal as in slow STO
If it fails then a possibility of .58 to .61, but that would have to be assessed again if we got to that level.
So for now, see if ma50 holds and if not, expect another pretty good drop.
Nothing is saying buy right now....sorry.
TA is right 70% of the time, so there is a 30% chance that I am wrong.
MS