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RedStick

07/23/09 4:54 PM

#60899 RE: RedStick #60896

Perfect song for today:



SHAKE SHAKE SHAKE, SHAKE SHAKE SHAKE, SHAKE THE WEAK OUT
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Dobie Lama

07/23/09 5:14 PM

#60905 RE: RedStick #60896

Thanks Redstick for the TA.

Tomorrow, we go up with the stock held by stronger hands who will stay in longer in order to profit from buying it at today's levels.
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webpence

07/23/09 5:27 PM

#60908 RE: RedStick #60896

This is a really great chart. I have mentioned here before, but I think there are two types of investors in this stock: chartists and smart people. The chartist looks at glassy's chart and sees signs that it is reaching overbought territory and exert selling pressure. The smart people see the bigger picture and realize that the RSI is merely reflecting the increased attention being given to a stock that is still clearly undervalued, and then use the dips as buying opportunities. A super health day like Red says.