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Alias Born | 08/15/2006 |
Monday, April 07, 2008 9:47:10 PM
The chart is good and bad... new lows and lower highs regularly, descending wedge pattern. Boo.
Many indicators are in the end zones on the oversold side. Fast lines have just crossed up from below slow lines, which is a good reversal indicator, but the lines are still in the endzones that favor the downtrend, so nothing is confirmed.
We know what it needs to get going. The reality is that this could probably pop if a dozen new buyers decided to all buy in on a the same day.
If you're not living on the edge, your taking up too much space.
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