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Re: fashionman post# 1502

Thursday, 04/28/2005 2:08:20 PM

Thursday, April 28, 2005 2:08:20 PM

Post# of 44374
fashionman, been busy here the last 2 weeks but I still post sporadically. Overall I continue seeing a bullish trend simply because the bearish trend for me hasn't confirmed.
although I'm seeing an overall bullish trend, currently for the short term, the price is still indecisive in the direction it wants to go, but as William had noted, the BB's are getting tight and we'll see an answer soon ... FWIW Arrons5 along with other indicators were telling me that good entries into the stock was all of last week . Now it's a wait and see for the short term. Our last attempt at the continuation run was prior to the strat unveiling which the market considered to be a dud ... hopefully something will be coming out shortly in line with our current TA that can get us going again.
If not, I'm still sticking to a bullish trend until I see that MACD go down considerably below the 0 point on heavy volume .. it's currently just hugging the line.
like I've always pointed out, watch for those Macd crossovers, they are typically your first signs of a breakout (while using other indicators to confirm as well)

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