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Thursday, November 17, 2005 6:08:32 PM
This stock is getting pushed HARD from below. It also went very quiet at the end today. Eerily so.
Tomorrow, ChiOsc crosses over. Now, before you start to think that 'Oh, Gawd, here comes some more of that TA crap!', think about this.....
ChiOsc, an oscillator, measures and records movement on the Accumulation/Distribution line. It records the saw, the play, between money that comes in and sticks there, and the fun money that comes and goes at the thought of an ice cream cone from the vendor down the street. Right now, this stock is under total accumulation, and has been for two and a half full weeks, trafing, accumulating, almost a billion and a half shares.
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As ChiOsc builds toward zero from below, the pressure on the PPS increases. There is less and less stock to go around, because investors are holding it. The price is pushed up, relentlessly, from below. Very few are selling. The kids looking for cheaper ice cream cones down the street are long gone.
Look what's happening here. ChiOSc is at the point of crossover, the point where the game becomes something else, the point where the stock must respond.
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Now look, look back at what happened the last time ChiOsc crossoed over zero in this stock.
Get my point?
.
fringe
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