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Re: SEBASS post# 6144

Wednesday, 10/12/2005 5:23:29 PM

Wednesday, October 12, 2005 5:23:29 PM

Post# of 44374
Can you post one and show why you see a three day drop?

I don't have time to mark one up right now but take a look.

Aroons 3,5 and 8 all show continued trend.
MACD improved today
Stochastics still rising

We also had risen way outside the top Bollinger Band and just like when it goes too far below the bottom the pps tends to correct and pull back in. We've seen the market correct and pps should move back up tomorrow. I anticipate that barring any news we slide up right along the top band just like we had done when the pps was dropping and we slide down the bottom band.

Also note on previous price spikes we never pierced the top band usually just above the 20 day average and the correction would then take us back below it, today it was the 20 day MA that was our support.

It's only my opinion, so feel free to disagree.


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