Well, I just take my best guess and it is exactly that- then the market opens and we get to see what actually happens! sometimes they match and other times ... well, you what happens then!LOL! I can understand what he was saying and I may be seeing nothing and thinking it is a bullish divergence. Tomorrows CLOSING p[rice will tell it all-IMO.
Seems glassy nailed that bounce call for today on AMHD.
I agree with you - glassy is a great chartist who calls them how she sees them.
cheers and good luck,
MrBigz
Posted by: glassy In reply to: midas716 who wrote msg# 9957 Date: 3/18/2008 11:24:28 PM Post #
No I never kid with charts and I give my honest OPINION. I am not writing a dissertation here. RSI- I think it looks like it should bounce right around the 50 line where I think it will find support. Histograms- the fast and regular-both have downticked for last 3 trading sesions and if you will look at this along with the volume- the selling volume is drying up. the histograms are leading indicators and the MACD is a a lagging indicator. It is rolling over and can easily bounce off the fat black line ( highly technical term)and stay above the 0 line. the fact that it is still above 0 indicts a lot of strength to the trend.It is above the 200 dma and is said to be " in its own bull market". What caught my eye is that the CMF has increased for the last 3 trading sessions-money is coming in and it is a divergence.That coupled with the accumulation give a possible signal IMO. And A dogi indicates a possible reversal. What I would NOT be surprised to see- as I mentioned- is a swan dive to retest the 200 dma(or close) and a recovery. What I think is THAT would be the sweet spot/buy point that may present itself.
Market Data 
Markets 
AI
