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Sunday, February 03, 2008 11:20:26 PM
On a 50-200 basis:
OBV shows first uptick since fall from .02
Massive volume last week with Friday buying after steep decline to the cellar
MACD trying to round up and go positive
CMF is pathetic but on an upward move
A/D is bottomed (could drop further)
14 RSI is well below 30 with slight upturn
My thought was buying at .006 on a steep drop from .02. It could rebound for quick gains. Now, if there was a well timed PR the gain would be more than acceptable. Understandably, it's not acceptable for longs.
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