Replies to post #3116 on World Surveillance Group Inc (fka WSGI)

[mide]

Good job Low trade, I honestly have nothing further to add, that wouldn't seem redundant.

regards and nice trade,

m

[doc80ca]

Lowtrade more on the indicators for a new channel bottom:



Notice how the dma5 and dma10 are heading to cross. That is what occured before the January-February run. In addition the MACD is heading towards the signal. The RSI is still in oversold territory. The DI+ is about to cross the DI-.

What I am waiting to confirm to see if this is not just a momo move today is the ADX to begin to rise and the aroon 8 to start to turn possitive. EOD was still below the BB50 midline so there is still room to move. If we are trying to identify a new channel I believe it is prudent to wait and see what tommorrow does. Many more indicators to watch, but all is positive!