NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

So far , no news , no run

Maybe next week. The last time you smelled news and predicted a late day run we had an intraday blip (up) the following trading day .... before recommencing the long drip downwards.

Today:

-- Highest volume green day in the last 6 months. Shoot , highest volume day period in the last 6 months but not in terms of dollars traded , just in terms of shares traded. Still .....

-- Day 10 of firm resistance at .003

-- Up 30% vs yesterday. Beats down 30%.

Chart looks like it has a few times before ... Aroons playing nice, Wm%R playing nice .... but ADX +DI/-DI NOT playing nice ... and nothing much happened those times. Perhaps we're due for a change.

What looks really bad is near the bottom of the indicators in the chart below ... Acc/Dis. All it says is dump dump dump relentless dump.

The only 'saving grace' regarding that is , as I mentioned once before , the mechanics of how that indicator works 'indicate' (lol) that it can be misled/misused/misconstrued easily , i.e., that indicator can in fact show an UPtrend in the face of declining prices , and for a long time. So perhaps the downtrend Acc/Dis is showing concurrent with declining prices ......

Anyway , all IMO

jonesie





Yorkville / Cornell Tracking Board #board-9964


"I can think of no more valuable commodity than information"