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Re: gdollasign post# 272

Thursday, 01/13/2011 1:43:22 PM

Thursday, January 13, 2011 1:43:22 PM

Post# of 523
Well, I always understood that some advantages of OLEDs are that they consumed less power and they didn't wash out in sunlight. The second is definitely not true, though, as I said, the display is brighter in sunlight than the one on my old phone. I think possibly the power savings are not that great relatively speaking, but I don't know that for a fact.

If price keeps rising, this could be a double-top followed by a decline. . .or not! Watch the volume when it reaches that point as an indication of what comes next. In any event, that top represents resistance, and often at such points price hesitates, then drops before gaining strength for a second try, which also often fails whereas the third try succeeds, don't ask me why, that is just what I have observed during my years as a trader. If price cuts through that point without hesitating, resistance then becomes support, and the momentum is so strong it will likely continue to take price higher.

One concern is that the Monthly, Weekly and Daily indicators are all currently well into Overbought. When all three timeframes agree in this manner and the move is overextended like this, it generally means a correction is overdue.

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