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Re: doctorS post# 2597

Thursday, 11/01/2007 11:10:55 AM

Thursday, November 01, 2007 11:10:55 AM

Post# of 2663
doctorS, JMO, LTHU, if you look at the 2 year weekly you will see that the 5 is still in a down turn, has crossed below the 10 and is equal to the 20. The 10 does not have any upward strength at the moment, this to me is a classic indication of the beginning of a downtrend. For this to change it really needs at least a week at or above the 15 cent level. The 6 month daily has pretty well spent it's time in a 12/13 channel or broken below it. Currently the six month 20(daily) is headed down, not a good indication. Mac, CMF and RSI have all been in a downtrend since mid to late Sept.
Personally I would not put money on this before the 2 year weekly shows signs of improvement.
Best of luck.

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