Tuesday, April 06, 2010 4:37:33 PM
One of the things I like about TA's are that they are nothing but numbers, programs are nothing but numbers, and patterns develop with both.
We now have a different scenario occurring in which the price is in its lows or close to the bottom of the dip IMO and it is not below the 20 but exactly the same close (.0107) with the 20 bumping the 50 (.0108) and with the price being in the low range instead of the high range. With that, an added pressure, the 100 day is just a stones throw away (.0119) and at this point the storm is brewing with the computer not wanting the 20 to cross the 50 and then the 100 with it being so close and with the low price and volume already at the bottom range, creates a lot of pressure needed to go lower and little pressure to go higher and break. Kind off relates to the "fake, shake, and break" philosophy.
Who will win? I've got the opinion we will. Never can be 100% that's for sure and this is the stock market where nothing is certain, but it's sure playing the part.
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