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Replies to #153 on Ride the Tide

OCwave

02/23/11 8:58 AM

#154 RE: ossiefus #153

Indicators are turned up for a move, MACD is headed up back into positive territory. The 20dma (.04318)has started to turn and it could cross the 50dma (.04932) if the trend continues in which the 50dma would become support. Vol has me worried just because before yesterday there was not any real vol. RSI is moving into overbought territory which could be good for a move up as long as the buying continues. Keep a eye on the vol if it starts to dry up you will see the PPS fall back down. I personally don't like to chase a stock after a big run because normally it comes back down right after.