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Wednesday, May 25, 2011 8:02:24 PM
SD chart
Techincals turning bullish, if it can break and hold above 10.82 then 11.17 I think we don't see the next resistance for awhile 50ma which imo shouldnt be much of a resistance. I say 10.82 because it's the middle bolli on the daily and if you look at the history, whenever it bounced it was off the middle bolli on the run up over the last few months. Sure it went above it today but closed beneath it. Resistances and supports can be elastic so that resistance is still there.
MACD just crossed positive
ADX - +DI going up, -DI going down, almost ready to cross each other
Sto headed back up
Techincals turning bullish, if it can break and hold above 10.82 then 11.17 I think we don't see the next resistance for awhile 50ma which imo shouldnt be much of a resistance. I say 10.82 because it's the middle bolli on the daily and if you look at the history, whenever it bounced it was off the middle bolli on the run up over the last few months. Sure it went above it today but closed beneath it. Resistances and supports can be elastic so that resistance is still there.
MACD just crossed positive
ADX - +DI going up, -DI going down, almost ready to cross each other
Sto headed back up
No matter how big or how small...Green is Green :-)
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