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Re: k_trader post# 12850

Wednesday, 08/11/2010 4:50:05 PM

Wednesday, August 11, 2010 4:50:05 PM

Post# of 26968
AVTI Daily chart... MACD has a large spread. TRIX doesn't look like it's going to cross with that big gap.. STO shows it might want to cross but the shift isn't enough to confirm that yet.

What chart are you looking at? I don't post stuff just to say it.. I post what I can point to as evidence. A similar situation happened on Aug 4th - 5th.. I said then that technicals would need to reverse and that we would need a confirmation candle for it to be a real reversal (I think I posted an annotated chart with this). The technicals are worse now than they were then... and it needs similar things to happen for this to be a real reversal.