AI
Monday, June 02, 2008 10:17:03 PM
yes, very tight spread. i've never seen a flag pattern so stiff. over the last six days of trading the low is .006 and the high is .007. today was the first day in a week with a higher low and higher high.
the chart still shows close to overbought, and the volume has dwindled without leading to a pullback. so...
based just on the principles of a skeptic, i look for this to make a move down to give a parabolic sell signal, that'll be a head fake, and then for this to bounce off the 20 SMA around .005. i think the .003's are prolly dead, and anything in the .004's is a gift. and being how nothing has changed for the worse, i'm still looking for this to go past the one year high at .011.
the chart still shows close to overbought, and the volume has dwindled without leading to a pullback. so...
based just on the principles of a skeptic, i look for this to make a move down to give a parabolic sell signal, that'll be a head fake, and then for this to bounce off the 20 SMA around .005. i think the .003's are prolly dead, and anything in the .004's is a gift. and being how nothing has changed for the worse, i'm still looking for this to go past the one year high at .011.
