You will see that the pink line (75dma) is holding the price up right now, but Macd, Rsi and CCI look like crap right now. This leads me to believe that the 75 dma will not be able to support the pps much longer. I do hope I'm wrong, a real pr from Huff about Amex could be enough to change the current down trend.
But that is one of the variables that you just can't count on.
I once spent months developing an excel program for picking greyhounds at the dog track, Damn it was great, until the dogs actually started running, The one factor I could never overcome was....one dog bumping into another, Didn't matter how good the program (or the dog)was, If the dog I wanted to win got bumped, well he always lost.
My point is TA can give a great trend to a stock, but that trend can easily be effected by PR's from the company, good or bad.
techBear I agree with your aroon 5 (shows promise) and macd above 0, but am conflicted because, I also see an descending triangle forming Wens, Thur, Fri, Mon, Tues. With the bottom a day or two out.
So we have 2 short term indicators conflicting and Wizetradr bear candle eval, with my other mid term indicator looking down trend. I leaning negative tonight. Not as negative as wize, more in line with William2112 .222 botton, because of aroon 5 & macd conflict.
One thing we all have in common, this is a hard week to predict! LOL. We'll see one way or the other by the end of the week. Yes, a good PR could knock us all out of the boxes!
PS: William2112 keep up your candle info, glad you got your charts working, it helps explain doesn't it!
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