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Tuesday, February 08, 2011 12:31:12 PM
Is anyone else noticing the stochastics and MA's are improving alot.
Daily 50/200 cross is getting close, and the Stochastics is fully reset and ready to run on the daily.
On the Weekly, the 200 MA is quickly catching up to price. This is really healhy as investors want to get in after all the downward moves and consolidations are over. When the price is at 1.50 and the Weekly 200 MA is at $10 as it was last year, its going to discourage alot of new money.
Now Weekly 200 is around 3.70 and falling. This price is actually 'with-in readch' of the current chart. As the 200 continues to fall more and more people should take notice.
yay.
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