Wednesday, July 28, 2010 5:12:42 PM
Short term looks like we may see a pull back to the bottom BB line before we can continue up, here are some observations after today's close.
1. Full STO chart lines have crossed and a SELL signal has been confirmed.
2. The 15 and 50 day moving averages have crossed again, this time signaling what is known as a "death cross". This happens when the long term moving average crosses above the short term moving average.
3. We are hitting resistance and are not able to break above the 13 or 15 day moving averages unfortunately.
SURGEON GENERAL WARNING: The Views Expressed Are That Of k_trader And Do Not Constitute Professional Trading Advice. If You Require Professional Trading Advice On The Purchase Or Sale Of A Particular Stock or Security, Contact A Broker.
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