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Re: MrNewbieTrader post# 40806

Tuesday, 02/18/2014 8:16:14 PM

Tuesday, February 18, 2014 8:16:14 PM

Post# of 57070
You are probably right, but this position is getting very hot and may cool a bit, RSI is 90. We do have a golden cross in the works in the coming days and I suspect we will breach .05 before long, but at some point here soon we need a pullback or a few flat days to get the technical's back in check. Right now this is overbought, not being negative just factual, I will be holding through the consolidation as I believe there is too much in the pipeline to keep this down for any length of time. Lots of big PR's will drop in coming days and weeks this will keep momentum going for some time, with pullbacks in between of course. Be prepared stocks don't go str8 up! IMHO GL

http://stockcharts.com/h-sc/ui?s=iliv

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