AI
Sunday, January 12, 2003 4:28:41 PM
You mean besides the price dropping quite a bit? {G}
If I had to guess, I'd say that one of two things is going to happen. Either {a} the selloff is done, and price will rebound from the upper blue line on the first chart; or, {b} the selloff is not finished, and price will drop to a point somewhere between the lower blue line (on the first chart) and the lower bollinger band (second chart).
I would tend to lean toward the latter possibility, BWDIK? This is guesswork based on a few minutes looking at charts of a company I don't follow, so take it with a good load of salt.
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If I had to guess, I'd say that one of two things is going to happen. Either {a} the selloff is done, and price will rebound from the upper blue line on the first chart; or, {b} the selloff is not finished, and price will drop to a point somewhere between the lower blue line (on the first chart) and the lower bollinger band (second chart).
I would tend to lean toward the latter possibility, BWDIK? This is guesswork based on a few minutes looking at charts of a company I don't follow, so take it with a good load of salt.
MDA Thread #board-1320
Turnips Thread #board-1125
Trading Info #board-1220
Like my charts? Join StockCharts! http://www.stockcharts.com
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