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Post# of 5033290
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chart_md

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chart_md

Re: evensooner post# 440321

Friday, 10/28/2005 12:48:44 PM

Friday, October 28, 2005 12:48:44 PM

Post# of 5033290
OT: PHBT...

this really is a simple technical play...forget news/no news...bashing/pumping...

In very simple terms...the ADX is so high its no longer sustainable. The stochastics have already crossed over negatively.

The most obvious support is at 0.004 (MA 50). I cannot rule out the fact that it may hold EMA20 for several weeks until the ADX comes back down to reasonable levels.

Either way, there will be no breakout, unless there is 100+ million volume in a day.

Penny_TA's Technical Plays:
http://www.investorshub.com/boards/board.asp?board_id=7244
==========================================================
Reverse Mergers:
http://www.investorshub.com/boards/board.asp?board_id=7308

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