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Re: None

Monday, 06/02/2008 10:04:19 PM

Monday, June 02, 2008 10:04:19 PM

Post# of 9504
Anyone who even begins to think they can determine anything using technical indicators by reading this chart is completely delusional

http://stockcharts.com/h-sc/ui?s=MODI&p=D&b=5&g=0&id=p62986382429

They didn't work when it was ONGO
They didn't work when it was OGOH
They don't work for MODI

How can a stock be oversold when there is no limit to the available shares
If you are very lucky you might be able to play the spread for a day trade
Be careful though, unlike the shares, there may be a limit to the people willing to buy