InvestorsHub Logo
Followers 516
Posts 28250
Boards Moderated 2
Alias Born 01/22/2001

Re: None

Wednesday, 11/09/2005 10:15:57 PM

Wednesday, November 09, 2005 10:15:57 PM

Post# of 2138
Sure looks like a turn around soon... candles and volume hint toward a turn for the green.



Just by glancing at the candles, one can see support holding the price up... the long legs that bears try to stretch out, the bulls cut it back bringing back the price... buyers coming in as shorts cover.... volume and price are paramount in determining where a stock may head to.

Can't see why it should drop further... though anything can happen... it just shouldn't. then again... when you got something being manipulated, it will go against any trend and win.

However, it could be a sign that whatever selling was scheduled in August, has been completed and when one looks at Sept 23-4's rapid rise and the step by step walk down each day... you might think that those MM's bumped the price just to short it as they sold shares into the market...nah... couldn't be... huh?

IMO - Buying opportunity is now... sellers just might regret it by next week.

Dragon



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.