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RedStick

07/31/09 12:21 AM

#64471 RE: Ionized #64469

Completely agree Ionized. I think heavy buy volume out of the gate would set the pace nicely for the rest of the day. How about we make the bears play catch up for the first time in a few days folks? 15 minute is bringing the heat as well:

Slow RSIs crossing 50.
pSAR knocked down.
Closed above numerous major MAs.
Money flow indicators pointing up.
Momentum indicators point open.
White opening Marubozu to close the day.
Perfect bounce off the MA(50) ... not a single 1/100 of a cent lower.
AROON reversing.

Did I miss any? I could have just saved myself some time and said, "All indicators are screaming reversal."

And I almost forgot Ol' Faithful ... +DI cross on the DMI for the first time since the initial drop while the ADX is above 20 indicates a strong uptrend could be forming.