I have been reading the posts on this board and learning a lot.
I hope it continues as it makes it easier learning t/a when you are concentrating on one stock. I have especially appreciated the teaching on candlesticks, and well just all of it including today's discussions on the MM's.
I've been holding a chunk of GTEL, and watching the chart, comparing my ideas with what you all are saying. The only indicator now that has me still hopeful for a little bounce is the 8 17 9 MACD has not gone negative yet and the PVO is slowly making it's way to positive territory.
I don't like the 5 5 slo sto today, when the black line comes up from 20 and turns sharply down at 50 it is a death blow and on the daily chart you can expect days down, on an hourly chart you can expect hours down, and on a weekly you can expect a few weeks down.
The OBV on the weekly is making an effort to turn up...I see just what you are saying, the MM's are confusing the t/a indicators so that they are not in sinc.
The Wild card to t/a, of course, is GOOD NEWS which is what we desperately need now.
Trims
