AI
Wednesday, December 19, 2007 2:58:33 PM
Ok.. Here is the chart I'm basing my observations on...
My two most important indicators im basing my info on is the Lower BB, and the Slow scholastics ( Bottom part of chart BLue line)
MACD histogram is important also.. As of now its bottomed, and should turn back up by the end of the day today, or early tomorrow..
Notice how the slow scholastic has just about bottomed, and is about to begin its turn up? If we maintain the .20 area for another few hours I'll be convinced that .20 is bottom, but if something drastic happens and we fall below .20 that blue line will continue south showing bottom not yet confirmed..
As long as the Lower BB remains FLAT, and doesn't start curving down we should be good also...
My two most important indicators im basing my info on is the Lower BB, and the Slow scholastics ( Bottom part of chart BLue line)
MACD histogram is important also.. As of now its bottomed, and should turn back up by the end of the day today, or early tomorrow..
Notice how the slow scholastic has just about bottomed, and is about to begin its turn up? If we maintain the .20 area for another few hours I'll be convinced that .20 is bottom, but if something drastic happens and we fall below .20 that blue line will continue south showing bottom not yet confirmed..
As long as the Lower BB remains FLAT, and doesn't start curving down we should be good also...
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