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Re: OTCShowcase post# 22062

Tuesday, 03/02/2010 7:49:41 AM

Tuesday, March 02, 2010 7:49:41 AM

Post# of 42706
Thanks for the video chart. I want to help in your analysis though. You seem to use a longer or shorter term RSI. I use the standard RSI indicator, which most use, your`s is showing over 70, but the standard is showing a touch over 50. Which shows still lots of room for upward movement. As you noted, we have some key resistance to break through. The major indicator I like in this chart is the BB`s have started tightening up. We are looking for a breakout with that indicator. As for the Accum/Dist, I don`t think it shows the full story there. It definately shows a good solid increase in accumulation, but the problem I see will unfold when this does finally start breaking out. Are all those buying up shares doing so to obtain at cheap prices waiting for the BIG news or are they doing so for a quick play. Time will tell there.

Pickin`s the game and Booger`s my name. Pickin boogers and stocks at the same time since 1973

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