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geosing

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geosing

Re: airedale88 post# 30545

Thursday, 01/10/2008 8:55:38 AM

Thursday, January 10, 2008 8:55:38 AM

Post# of 51804
Airedale, thanks. On the envelope system, I see the A/D divergence, but the 5% break seems to have a history of sustained downward price moves, while the internals improve. One Way is still staying put on the short side. Yesterday's action is the first glimpse of a retracement (probably of short covering variety) and eventually a preliminary buy signal. Actual buy signal is a long way off at this point.

Geo
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