NO PR expected NOW, Chart, UP or Down?
These are just my own observations from my own basic understanding of Moving Average Indicators, and their relationship to each other. This is NOT from some computer generated website. I will try to present the FACTS as I see them. YOU decide for yourself what they mean (or don't mean).
ATWT as of close on Thursday August 18th 2006.
DMA = Days Moving Average
1. 200 DMA points DOWN: NEGATIVE INDICATOR
2. 100 DMA has LEVELED: NEUTRAL INDICATOR
3. 100 DMA is BELOW the 200 DMA: NEGATIVE INDICATOR
4. 50 DMA points DOWN: NEGATIVE INDICATOR
5. 50 DMA Average is BELOW both the 200, and 100 DMA: NEGATIVE INDICATOR
6. 20 DMA points UP: POSITIVE INDICATOR
7. 20 DMA is ABOVE the 50 Day Moving Average: POSITIVE INDICATOR
8. 10 DMA has LEVELED: NEUTRAL INDICATOR
9. 10 DMA is ABOVE to 100 DMA: POSITIVE INDICATOR
10. 10 DMA is ABOVE both the 20 and 50 DMA: POSITIVE INDICATOR
11. 5 DMA points DOWN: NEGATIVE INDICATOR
12. 5 DMA is BELOW the 100 DMA: NEGATIVE INDICATOR (note: just barely, 5dma is .0039 100dma is .0040)
13. 5 DMA is BELOW the 10 DMA: NEGATIVE INDICATOR
{{ NOW, let me dumb-it-down in dialog style for easier reading. }}
"Like.... DUDE.... MAN.... Brain freeze!.... that's a lot of chit to read"
> Yes, my herbally impaired friend, it IS. But I had to establish some basic understanding of Technical indicators, in this case, the Simple Moving Average. Did you notice any type of Patterns?
"Yeah!... no... wait... Um... cough!... here goes... OK... The Shorter Term Moving Averages (less days) should be ABOVE the Longer Term Moving Averages (more days) to be the STRONGEST POSITIVE INDICATOR for that time period, a BUY SIGNAL... ouch!... I'm startin to get a headache!
> Yes! very good, my cannabis genius, now what else do you see?
"Wait... I got it... puff! puff! puff!... snort... cough!cough!cough!... aaaahhhh!!...yes!!... If the Shorter Term Moving Averages are BELOW the Longer Term Moving Averages, it's the STRONGEST NEGATIVE INDICATOR for that time period, a SELL SIGNAL... wow... dude... I gotta lie down now... ZZZZZZZzzzzzzzzz.
> Thanks, my HIGH-LY respected friend. (end of dialog)
Soooo, this is what I'm thinking will happen until the next EVENT (probably a PR) changes everything again. This the "In My Humble Opinion" part of the post.
In the most BASIC terms:
The Long term trend is DOWN.
The Medium Term trend is DOWN.
The Short Term trend is UP.
ATWT can Rally up to the .0040 cent area where there is now a Barrier of Resistance (100 DMA and former Support).
It has gone to the .0030 area of support and held twice so far, but since the trend is still down, it will probably retest it again.
ATWT will most likely remain in a Trading Range between .0030 area and .0040 area until either the resistance level of .0040 is broken, or the support level at .0030 is broken.
So, in conclusion, RIGHT NOW, and ONLY at THIS POINT IN TIME:
Any Rally that can break through resistance at the .0040 area will become a SHORT TERM BULLISH INDICATOR or CONFIRMED BUY SIGNAL. If it could hold above the .0040 area, then the Short Term Uptrend could continue to a higher Trading Range.
Any Pullback that can break through support at the .003 area will become a SHORT TERM BEARISH INDICATOR or CONFIRMED SELL SIGNAL. This would also continue the Long Term Downtrend.
Until the next MEANINGFUL PR, any Rally (at this moment in time) will most likely be on limited Buying Volume, and fail.
WATCH THAT SUPPORT LEVEL AT .0030
P.S. ANY and ALL comments are welcome.
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