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stockmarketmadness

04/14/10 11:20 AM

#11806 RE: TRENDmendous #11804

Look how tight those bollies are!
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isachair = mobrown

04/14/10 11:21 AM

#11807 RE: TRENDmendous #11804

I agree it's accumulation. I'm not saying it's being "dumped". Sideways consolidation with little volume tends to be walked down some....that's all.
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hfields

04/14/10 12:17 PM

#11816 RE: TRENDmendous #11804

Yep. We are still good here. Daily chart is oversold. Daily chart and Weekly are ready to move soon. We are in an extended consolidation due to several reasons, but one important one to look at is the chart...to the left we have strong resistance in this area and we are holding it quite well :)