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Post# of 90887
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AcousticHockey

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AcousticHockey

Re: auroradude post# 12868

Wednesday, 05/11/2011 9:54:30 AM

Wednesday, May 11, 2011 9:54:30 AM

Post# of 90887
Haha I will give it a shot later.

Technically speaking I'll be waiting for a correction before jumping in. It's trading well outside the upper bollinger band and RSI has entered "power zone" / overbought territory. Last 3 times this happened it didn't stay there for long before a retrace, then consolidation and then the next leg up. Slow Sto is also overbought and the last 5 times this has happened it's had a sharp drop and retrace.

Waiting on sidelines for now.

No matter how big or how small...Green is Green :-)

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