Replies to post #34029 on 02 Secure Wireless, Inc. (OTOW)

[buccaneer1961]

but what if the expected news comes?

[Tops $ Bottoms]

Now heres my take >>

First, I would watch the generic >> All I look at is the MACD horsechit talk. Bud, I have studied charting, trends, and indicators for 16 years. Looking at your picture I'm sure you have me beat on the years but I know and trust my reads.

NOW on to my read >>

I use the Full STO, and when I look at that indicator I see an uptrend since april 18th. I also like the "three legged formation" in that indicator starting from the end of May or first of Jun, which is in that Slow STO as well. OTOW started trading above the 50 day MA around Jun 13 which also had the 100day crossing to go with it. The 50 day MA has flattened out from the down trend of the last run and even started showing a little north look to it. It even gets better >> 4 days in a row closing above the middle Bollinger band or the 20 da MA with GREAT looking candle sticks and we did not even trade below that mark today. The RSI and MACD do look good and I don't think any good trader would throw out that MACD but you have a ball.

Something I have learned in my many years of studies AND hanging out with good chartist is >> you can give them all the same chart with every indicator available and they will all have somewhat a different read. BUT with all the good UPPY signs in this chart I still go back to your wishing well LOL.

Keep up the good work !!

TB