AI
Wednesday, May 13, 2009 7:46:43 PM
inthemoneyhoney...
nice looking flag formation. this has the look of a continued explosive upside. .02 to .04 looks eminently doable. but i don't think the accumulation is finished. it's very important for a stock to build a strong base of support, lest it fall back too hard. sort of like going up the elevator as versus the staircase. a fall down the stairs may hurt, but it's a lot slower than going down an empty shaft.
on this chart, with more indicators, you can see that there's still some play going on. the stochastic's and the accum/dist show that there's been a seller, selling into the mania. when he/she/they are exhausted this could and should move up quickly. there's certainly enough buying pressure.
i look for this to test the support again before it runs, pulling back to at least the 5MA, and possibly the 10MA. those will most likely be outstanding buys for those will nimble and/or waiting orders.
best to ALL
rich
nice looking flag formation. this has the look of a continued explosive upside. .02 to .04 looks eminently doable. but i don't think the accumulation is finished. it's very important for a stock to build a strong base of support, lest it fall back too hard. sort of like going up the elevator as versus the staircase. a fall down the stairs may hurt, but it's a lot slower than going down an empty shaft.
on this chart, with more indicators, you can see that there's still some play going on. the stochastic's and the accum/dist show that there's been a seller, selling into the mania. when he/she/they are exhausted this could and should move up quickly. there's certainly enough buying pressure.
i look for this to test the support again before it runs, pulling back to at least the 5MA, and possibly the 10MA. those will most likely be outstanding buys for those will nimble and/or waiting orders.
best to ALL
rich
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