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Re: doctorS post# 3519

Saturday, 07/02/2005 10:43:36 PM

Saturday, July 02, 2005 10:43:36 PM

Post# of 44374
doctorS

Take a look at this chart. Note: CMF buying pressure with declining PPs & volume; which in turn, causes the stocRSI accumulation at the RSI bottom. This ending Fri, as it crosses up. These indicators show the next move up, the other indicators don't.

Also the underlying force on GTE on the American, fund guys block orders being settled, as mide discussed, and justfies the continuing SHO placement. IMO (larger orders are accumulating to many shares into channel bottom)

After the russell's buy; open market shares became scarce and hedge guys continued buying to reach their channel bottom inventory. IMO we won't get off the SHO list until they cover, dumping on the climb up.

If I'm correct, you should see CMF flat as PPs rises, instead of rising like it should. Shorts being covered, until we get off SHO. Then CMF will continue up, as we reach Sto over bought and RSI top accumulation. Lets watch!

http://stockcharts.com/def/servlet/SC.web?c=GTE,uu[h,a]daclyyay[db][pb50!d10,2][vc60][iUo14!Uc20]&am...

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