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Coveted

04/07/10 4:13 PM

#10290 RE: trader53 #10278

Man, i learn something new about the market every time i read one of edurk's post...


Just want to take the time to think edurk for always posting relevant and informative information.


Thanks Edurk.
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dragonxbreath

04/07/10 4:28 PM

#10293 RE: trader53 #10278

Yea im not sure on what news either but it's going to be the news that drives this up and nothing else. However that doesn't seem far away at all :D being removed from the "Naked Short List" wont drive it up, didn't last time and I don't expect it this time either.

If you look at the daily for RSI it's above 50 and that is inconslusive, weekly it's just flat-lined below 50 over the past 2 months. If we ever touch the lower BB and have that RSI then we will be set, but seeing how were touching the upper IMO will make this slowly bleed down like it did before. But news will be out in a week or less I expect, good news at that and then we will have to re-evaluate the charts after it shoots it ways up anyway ;)