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Re: None

Friday, 09/24/2010 11:48:09 AM

Friday, September 24, 2010 11:48:09 AM

Post# of 103302
Technicals still are looking okay. There are four major indicators that I look for if I want to buy or sell. All four must be met for me before I buy or sell. These four aren't the only thing I look out but these four must be met first.

1) Simple moving average: When the market price crosses this on the downward side, this is bearish and the first sell sign. (Check - this has now happened.
2) MACD crosses signal line downward: (No - this has not happened) HOLD
3)STO crosses signal line downward: (Check - this has now happened).
4) Money flow is falling: (Check - this is now happening).

Only 3 of the 4 conditions have been met. So I would not recommend a short term sell.
Reversing these trends would be a buy sign.

Positive signs:

1)STO is near bottom and should begin to trend upward. This upward trend should happen before MACD passes its signal line.

2)Money flow falling trend appears to be shallowing out.

3)We've reached a short term double bottom.

4)simple moving average has leveled out and the price channel has tightened.

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