You're right.
The only time in the last year when Wm%R plunged below 50 and it was NOT a strong sell signal that was ultimately confirmed by an extended period of downward price action was late last summer.
Then , CMF20 and CMF5 were both showing strong accumulation and had been for some time in the case of CMF20.
We don't have quite the same situation now.
This boring little range between $6 and $7 all year so far is , well , boring LOL
Need some more excitement , like that caused by another TC dump of shares (he's got 3 more months until 300K+ options expire , c'mon TC don't wait 'til the last minute! lol) on the open market , or TIV releasing some bona fide verifiable proof of sustainably increased production and starting a more sustainable move upwards in the share price.
Meanwhile , it's been more fun playing ATPG from $30 to $45, DWSN from $50 to $75, and enjoying some of the long 'random walks' upwards of sector stocks like FWLT , SU and PQ. If TIV was the only game in town people would go blind from sheer boredom LOL
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
