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Monday, August 04, 2008 12:19:12 PM
But! Do not base your own decisions of this, buying or selling! Just do your own DD. This is just my opinion and speculation.
anyone can find out if this
-ADX (14) 23.91 +DI 12.16 -DI 18.38 is high selling pressure.
based on the stock price of TNOG traded in the 0.0050 to 0.006 in 13 days and on the 14th day fell a bit on high amount of one transaction buying in the start of the market in thursday. Why it fell? Perhaps of MM dropping the bit to be able sell his (new?) shares at a higher price to someone who wanted to buy many shares in one transaction (based of a large shadow below as start price and two higher prices and a green candle line).
Perhaps the price will just fall back up into the 0.0050 to the 0.0060 range in a few days?
OR if you like:
with the ADX in the last days where the price fell a little bit on the 25th of July wich complicateted things a bit.
-ADX (8) 34.91 +DI 9.96 -DI 23.34
Opinions.....
Disclaimer: I am not a basher or a hyper! I am here for the purpose of fun and trying to find info. My posts are solely my opinion. I am not a registered broker or a professional analyst. Don't make any buying or sell decisions regarding my writings here
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