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S&P 500
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Post# of 173788
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SSKILLZ1

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Re: seeksup post# 31368

Wednesday, 12/28/2005 11:11:46 AM

Wednesday, December 28, 2005 11:11:46 AM

Post# of 173788
Seeksup, (On SVL) It has had a huge run up. If we just look at the runup from $1.80 to $4.30.

Retracements (Prices for Retracement levels)
$3.34
$3.05
$2.76

Also keep in mind the 50 and 200 day moving averages ae no where in sight, with the 50 day being at $2.40 right now. The RSI was over 70 (until today's drop) (Typically means overbrought)for the better part of the last month, so I wouldn't be too surprised if the shakeout continued to the 62% retracement level, and waited for the 50 day to catch up some. Then again I could be wrong, and the stock could start to take off from here. Hope this helps

---All above is just my humble opinion.
And I could always be wrong.
And as always do your own DD.---
http://www.investorshub.com/boards/board.asp?board_id=5316

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