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Re: Juststocks post# 416

Wednesday, 04/06/2005 10:52:20 PM

Wednesday, April 06, 2005 10:52:20 PM

Post# of 44374
Juststocks

If you go back a little to JAN 24, you'll find the patterns match better. Aroon (5 & 8 day) with up staying at top and down fluxing at, or to bottom, shows me length of climb will continue longer. The longer the climb the more PPs we'll see up. This needs increased volume to confirm they will stay that way. Which todays lower volume shows the run may be over tomorrow and the up may head down.

As I umderstand the crossover, up over down,Which occured Apr 2 on the 5 day and the distance(time)between the up paralells on the 8 day, shows the strength of the climb. Higher the cross or wider the paralells the larger the breakout.

Thus if you want a huge breakout, you want high cross over with wider gap between paralells. If you want a longer climb, the longer the up stays up and the down the longer the steady climb. Normally steady volume or increasing, confirms continuation.

I wanted 18 to 20 mill volume today, but we got 10 mill, showing weakness. And Why I think the retrace may start before the 3 days are done.


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