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Re: Icanslim post# 14191

Tuesday, 07/27/2010 1:49:08 PM

Tuesday, July 27, 2010 1:49:08 PM

Post# of 24287

down here they are useful...technicals play a big part in investing alongside of fundamentals




Agreed. Chart analysis is very useful to those that can read them properly. If it was a bunk science, chart analysis would not be used by every major financial institution, nor would it be offered on every trading platform.

As stated before, the low support level is .0006 and don't be surprised if it is tested this week. SAR is close to reversing again. RSI has fallen to the 40 range with CCI downtrending around -45. Accumulation is falling as well. ADX is close to bottom. Without buying pressure, this will fall further down.
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