AI
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| Alias Born | 04/24/2009 |
Saturday, June 23, 2012 9:56:05 PM
Just a thought!
While many of the technicals appear to be a bit weak right now, every day that this current channel holds is another day showing up additional strength on the sorting programs suggesting breakouts. If there is some good news coming, this suggests that the spring is getting wound tighter and tighter. Lots of people shop for positions this way and a PR could be the thing that they are looking for.
On the other hand, no news or bad news could drop the floor out from under it and start the slide all over again to who knows where. I doubt that it would slide far. I mean, that would take a really bad news day and i just don't see it in the cards. But then I don't see my 2s either!
The day that ADX sticks its nose up and there is a small volume spike may be the day that the RSI and STOCH and Chaiken follow 24 hours later with their signals. It wouldn't take a whole lot to turn this. Your bottom confirmation is right on in my book. However, it won't happen due to some poster's sentiments. LOL
While many of the technicals appear to be a bit weak right now, every day that this current channel holds is another day showing up additional strength on the sorting programs suggesting breakouts. If there is some good news coming, this suggests that the spring is getting wound tighter and tighter. Lots of people shop for positions this way and a PR could be the thing that they are looking for.
On the other hand, no news or bad news could drop the floor out from under it and start the slide all over again to who knows where. I doubt that it would slide far. I mean, that would take a really bad news day and i just don't see it in the cards. But then I don't see my 2s either!
The day that ADX sticks its nose up and there is a small volume spike may be the day that the RSI and STOCH and Chaiken follow 24 hours later with their signals. It wouldn't take a whole lot to turn this. Your bottom confirmation is right on in my book. However, it won't happen due to some poster's sentiments. LOL
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