Replies to post #112846 on Cascadia Investments (CDIV)

[DayTradingAlgo]

My only problem with pattern darby is that the low you used (.32) was a 4999 share trade, when the bid/ask was .48/.50

It happened right after the open that day, and was a false low that day. If you truly want to use that pattern, the true trading low of the day was .36 I believe. So if you were to redraw your trend line showing new lows, we are actually making higher lows. That would significantly change the outlook of the trend you posted.

[kolchakil0]

Of course I think many might draw the bottom of the trend line like this, further accentuating the upward rise in price over the last several months. Also, the 50 day moving average does seem to support this trendline at .43


http://investorshub.advfn.com/uimage/uploads/2010/4/28/rrlpq2010-04-28-PROPHET.png

[Duke4U]

that trend line doesnt make much sense t00o me...