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kuwlness

03/23/10 6:01 PM

#83592 RE: LoneGrey #83537

Here's my conclusion:

Technically everything looks very bullish as we've held our support levels well.

Low volume churning and sideways trading is good ... maybe it's exactly what the Doctor ordered. Monk might be sitting back enjoying the show because he knows the weak-handed are hitting the exit and/or are trading to each other. If they dont see the volume, they'll likely hit the exit because they dont see easy money ahead.

So, it's actually good to not have the volume right now as we're deterring the day-traders/flippers/scalpers.


Maybe this is just wishful thinking, but i guess it's a possibility.

I'm probably over-analyzing this too much, but i watch my investments closely and considering i'm a newcomer, I have a close eye on this one.

Sorry if my questions stirred the hornet's nest.