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Sunday, October 04, 2009 8:52:23 AM
I think we will have a test coming up soon of the TA theory that wen the RSI gets in the powerzone lets say 80ish or better yet 90ish a fair amount of poeple will sell and the price will retreat. Some really good technical investors who are long term will simply follow their discipline at that level and shave some...the technicals will relax and the process will start over with new oppoirtunity for side line players to get in...it is not the end of the world or an indictment of the company to know that and say it. The future will still be just as bright if not brighter as ever if EVRM performs as folk think they will...
Of course you know all this but since expert chartist CT or MKA probably wont say anything amatuer chart enthusiast like me can't keep our mouths shut...
T//
P.S. Of course there are exceptions where a stock can run hot in the power zone for weeks/months...if this becomes one of those then we all can consider ourselves blessed...
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