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Post# of 13439
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rgdphd

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rgdphd

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Wednesday, 09/01/2010 4:22:58 PM

Wednesday, September 01, 2010 4:22:58 PM

Post# of 13439
Guys, just one last thing. With the MACD and TRIX now crossed over, the next major resistance line is at today's high, 0.0057. It is right at the edge of the downward trend line. If we can break and hold 57 tomorrow, we would have confirmed the reversal, not to mention moved past the upper BB, which would help support a strong rally upwards. After that, is the 50 DMA, which I wouldn't expect much resistance from.

Fun stuff......Most of the time, technicals do not apply in pennyland..............
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