I agree. I think today was a nice, normal retraction. This still looks poised to head further up in the next couple of days. I'm looking for a green week for a change.
well not quite what i expected, was looking for that EOD run that didn't happen, both the daily and intraday charts still look promising and i'll get to them in a minute, IMO the drop we saw this morning was a normal reaction to a stock not continuing it's run up, especially this stock, it never happened so some investors bailed and took what they could by 10am, good news is it rebounded fairly well and left the run intact, it could have been worse
2 charts
5 day intraday RSI is right where it was when we had the run up, A/D did not noticibly drop, M/F just started coming up at EOD, Stochs only had one minor blip below 50, this leads me to believe that we may see a run in the morning, bollingers are squeezed up nice, would have been nice to see macd crossover at EOD but we can't have everything, the important thing to me is we did not retrace all the way back down, that alone should give us some confidence going into tomorrow, if this was the head fake up to down i believe it would have continued down from the mornings push down, scroll down for 1 year daily commentary and chart
1 year daily i'm using the one year daily here because i see some similarities with the run last december, notice there was a big spike of neg vol. in dec. before the run, same as now, then it dropped off quick same as now, also RSI shot up quick and then hooked down same as now, stoch comparison is also the same pattern as in dec., macd is still crossed over and good to go, let's hope it follows the same pattern and that this isn't another head fake, but don't be surprised to see a couple of down days before the spike if the pattern holds true
News 
Market Data 
Discover 
