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Friday, December 14, 2007 6:35:01 PM
Looking at the chart, the RSI is sitting around 40 and todays action has turned it upward, so it has room to move up IMO. The MFI is around the same level, but hasn't yet turned upward, so we'll have to keep an eye on it. And finally, the Accum/Dist indicator shows that its taken a nice upward turn after our dip the other day, so it is also heading in right direction.
Bottom line, its riskier to get in at this point, then it would be if it was oversold, but looks set to make at move up. But if it can't get through .0130 I'm pretty sure its just going to keep bouncing up and down like its been doing, at least until people get sick of holding and dump, which will really send it down.
Top Gun Trading Rocks!!!
IHUB Board: #board-9520
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