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AcousticHockey

05/11/11 9:54 AM

#12871 RE: auroradude #12868

Haha I will give it a shot later.

Technically speaking I'll be waiting for a correction before jumping in. It's trading well outside the upper bollinger band and RSI has entered "power zone" / overbought territory. Last 3 times this happened it didn't stay there for long before a retrace, then consolidation and then the next leg up. Slow Sto is also overbought and the last 5 times this has happened it's had a sharp drop and retrace.

Waiting on sidelines for now.