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jonesieatl

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jonesieatl

Re: Picksit post# 22162

Friday, 06/17/2005 10:02:30 AM

Friday, June 17, 2005 10:02:30 AM

Post# of 326338
picksit, I tend to agree, except re: "right now there is no trend"

On a daily one year OHLC chart draw a downtrend line starting with the high on 5/3, plot it through the high on 5/12, extend it.

That's a trend. A profound downtrend that NEOM isn't anywhere close to breaching to the upside. Today that downtrend line sits ~ 0.525, more than 10% above where NEOM is now. Break that line to the upside one day and NEOM will have a confirmed new trend.

JMHO

jonesie

Yorkville / Cornell Tracking Board #board-9964


"I can think of no more valuable commodity than information"

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