NanoTech Entertainment Inc (NTEK)

[crocolyle]

I understand in the fact that you are saying that they may or are walking us down to the 50ema...

But, if I understand what you are saying, I still don't understand how you cannot see that the 50ma , both SMA and ema, are trending in an upward direction...support at the 50 is moving upward everyday...

Yes we may not be at the 50 exactly and there may be some room to take us down to 14-15 at times..but in NO way are we in a downtrend on the daily chart, unless you are just looking at a couple of day worth of the chart. But I'm looking at the big picture here.

And I'm not saying we can't break below support and go lower, anything can happen..but I don't see us break support of the 50ma at this time...not with qe1 coming up.

Again, My point was...that the 50ma..whether your talking about the SMA or the ema..are in an uptrend..and support there is closing at a slightly higher price each day..yeah the 50ema is a little more flat than the SMA..but non the less..moving up. And we still have support at the 20ma as well...which I would like to see turn back upward.

All imo thanks.