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Re: elcheepo post# 1146

Wednesday, 09/30/2009 10:42:08 PM

Wednesday, September 30, 2009 10:42:08 PM

Post# of 6094
I am a novice but from just looking a the chart this is what I see.
price action bounced off the 18day moving average that is a positive move
full stochastics; K line crossed over D line and pointing up
MACD and RSI are both pointing up.
all this though is on the daily charts
in regards to the weekly chart the stochastics are inbedded yes but K line did cross above D line
MACD on the weekly chart is showing what looks like positive divergence on the weekly chart.

back to the daily chart and the BB are getting tighter which is simply a confirmation of the price basing at this level with potential to make a big move on either direction.

now according to INO.com's trend analysis though it has an overall score of -70 which is a downtrend analysis go figure.

americanbulls.com states that the white spinning top formed today represents an indecision between the bulls and the bears.

I can't make heads or tails out of all of that. Maybe someone in here can.

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