Friday, May 15, 2009 1:16:53 AM
Just looking at it now...
I would wait to see the out come tomorrow... chart shows a down trend starting... though as with any stock, it can do 180 in the opposite direction....
The candle today is suspect; it could be saying that it confirms the downward movement...though it closed above the previous day, it was a weak day.
Tomorrow there might more buying into the weakness... but it is Friday; Not many issues you want to buy into on Fridays....
the Ichimoku cloud is a leading indicator of trends.... sometimes it takes time for it to catch up, but other investors swear by it. I just use it as a guide.
I would wait to see the out come tomorrow... chart shows a down trend starting... though as with any stock, it can do 180 in the opposite direction....
The candle today is suspect; it could be saying that it confirms the downward movement...though it closed above the previous day, it was a weak day.
Tomorrow there might more buying into the weakness... but it is Friday; Not many issues you want to buy into on Fridays....
the Ichimoku cloud is a leading indicator of trends.... sometimes it takes time for it to catch up, but other investors swear by it. I just use it as a guide.
Dragon
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
