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Re: Khilde2002 post# 7013

Wednesday, 06/29/2011 7:18:18 PM

Wednesday, June 29, 2011 7:18:18 PM

Post# of 43461
Psychology is an amazing thing. Gotta know how it works both to the downside as well as to the up side. That wall there is of little concerns right here IMO. Noting the day's trading, the volume slowed a bit despite the wall. If there was real concern, we would have seen more selling. Read: folks are holding despit what is put up on the wall.

Now, conversely, when buying starts in with some volume and that wall get's chipped away, that will serve to encourage more buying and we go up.

So, despite the wall, today was not a bad day relatively speaking. We actually started the day with 25 up on the ask. to bad someone stepped in front of it with a big lot. This could have been the start of that bounce.

Charts: Sitting right on 200-day with MACD starting to cross. I'll be looking for us to challenge that upper bollie (.03) by day's end Friday with any volume. Chart right here is a beaute.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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