News Focus
News Focus
Followers 331
Posts 4031
Boards Moderated 0
Alias Born 05/17/2011

Re: gumzsa post# 1356

Thursday, 02/16/2012 12:37:33 AM

Thursday, February 16, 2012 12:37:33 AM

Post# of 2932
Actually, you have been very fortunate that market momentum has held the price this high as long as it has because the market continues be very weak. What we have now is a Type 2 Bearish Divergence. The market is more overbought today at a lower price than it was previously at its highest price. The volume is also a lot lower. So, finally, it's only a matter of time before, the profits disappear. But, I doubt if you will take that profit.

SBCO - 60 min Candlesticks

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today