Replies to post #3257 on Hemi Energy Group Inc. (fka HMGP)

[Sup3D]

I'm not a great chartest, but if you look at the 60 minute chart on HMGP, the bollingers are really tight AND the MACD just turned positive again(60 minute).

We have held the 5 dma 28 of the last 35 days. 7 days have dipped below the 5 dma and 1 has dipped below the 10 dma(1/10). We haven't even gotten close to the 20 dma. In order to get into the "mid-teens" we would have to come down to the 20 dma. IMO, that is not going to happen. The golden cross should happen Wednesday or Thursday of next week. With that happening, who is going to get shaken loose now???

I don't *THINK* RT is being malicious, just wrong. We will know in the next few days who is right anyway.

[BonelessCat]

THe problem with the double or triple top theory is there has to be an actual pull-back each time. That hasn't happened. What we are getting is a pressuring of the .20 barrier as the bottoms come up on every failed attempt at .20. I don't even have to look at a chart to know what it looks like today. If the bottom holds, breakout is just around the corner and certainly next week. The SP will soon form a new top and hopefully the price will churn its way there to create a very solid rising baseline. Next week should be fun.