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Tuesday, February 03, 2009 3:01:34 PM
as for droughts, (...or volcanoes and earthquakes) I'm not so sure a person should manage his/her portfolio in that manner.
What does matter is the chart, and the T/A is horrible, it broke support today and it's being led down by the CCI indicator--which IMHO is key. I wouldn't buy it now until I see the CCI around -200 (or more) -- with the CCI at full cry, it's the only time you can rely on a candlestick reversal.
That said, with a sleepy ADX, this chart may become "dead money" at best, because I don't see any trend, up or down.
AVOID.
What does matter is the chart, and the T/A is horrible, it broke support today and it's being led down by the CCI indicator--which IMHO is key. I wouldn't buy it now until I see the CCI around -200 (or more) -- with the CCI at full cry, it's the only time you can rely on a candlestick reversal.
That said, with a sleepy ADX, this chart may become "dead money" at best, because I don't see any trend, up or down.
AVOID.
FP........................................................
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