Replies to post #994 on Pilgrim''s Pride Corp (PPC)

[k_trader]

I think we have found the bottom. I can confirm that the TRIX 3,3 and Full STO have crossed and upticking, also MACD is ready to cross as well. Looks like we are well into oversold territory, this is is ready for a major price correction IMO.

The only thing remaing for final confirmation would be the +DI to start upticking for our pincher and the PPO and Full STO (thick blue lines) to begin to separate. When those lines merge like you see below, this is known as a 'pinch'.



If you want some more info on the pincher there is some good information here on ihub.

http://investorshub.advfn.com/boards/board.aspx?board_id=10585

GLTU.