Sorry for the delayed response, I had to take a moment to dig up some data and compile it in excel. (also was working)
Agreed, we have already been consolidating.
Even though I am looking to buy in lower in the next few days, I don't doubt what factual data I have witnessed, and, do not
express my opinion in the hopes that such an event occurs for my sole benefit.
We have already begun consolidating from that jump for some time, look at the amount of buying that has occurred on these jumps vs
the amount of selling pressure.
To me, the MACD has to go down because we already had a huge peak. It's not like the first run in that regard.
At this point, there should be little more negative news, if there is much more I'll be surprised.
That means that we should be in the all clear with 'good' news incoming and a period of possibly 'nothing' at all.
The shorts are going to be playing this game for a time, low volume days for sure, however while our moving averages go down for
the moment, they will turn in the matter of a few days if we stay at the 1.60+ level.
Here are some examples if it ends at 1.66 for the next few days: (i.e. today, wednesday, thursday and Friday)
We will have a 20SMA of 1.72 at EOD on Friday.
------
IF IT MOVES DOWN each day we will have the following moving averages each day (assuming the following numbers):
TUESDAY (TODAY): 1.66 EOD, AVERAGE= $1.67
WEDNESDAY: IF EOD is 1.61, AVERAGE= $1.65
THURSDAY: IF EOD is 1.55, AVERAGE = $1.63
FRIDAY: IF EOD is 1.50, Average = $1.62
Below i have ACTUAL NUMBERS and DATES that you can plug into excel and then use the following formula for yourself to check. The
label of IMAGINARY is a made up number as we are using estimated' values that have not been finalized in the future.
Good luck, hope this helps.
(To me, it means we do not have to worry, but take it as you will. On uptrends, you have to have some red. I think that because we
previously dipped so low, we may very well need to consolidate for the next few weeks just to get our average up. Hence, another
reason why we probably won't have major fireworks until near earnings, the 20-Day SMA. Though it does lead me to believe an
uptrend will continue in addition to previous data indicating an uptrend.)
FORMULA FOR 20-Day MOVING AVERAGE (SIMPLE)
Add all end of day values then divide by the number of days.
i.e. (20 random values per each day) / 20
EXCEL VERSION example:
=SUM(B2:B21)/20
In conclusion, to me,
-Z
HOW I HAVE IT LAID OUT IN MINE: (Further below is easier to copy per each column. Just copy and line up
appropriately)
DATE VALUE ?REAL/IMAGINARY?
7/12/2013 1.66 IMAGINARY
7/11/2013 1.66 IMAGINARY
7/10/2013 1.66 IMAGINARY
7/9/2013 1.66 IMAGINARY
7/8/2013 1.73 REAL END OF DAY
7/5/2013 1.67 REAL END OF DAY
7/3/2013 1.6 REAL END OF DAY
7/2/2013 1.68 REAL END OF DAY
7/1/2013 1.51 REAL END OF DAY
6/28/2013 1.41 REAL END OF DAY
6/27/2013 1.39 REAL END OF DAY
6/26/2013 1.18 REAL END OF DAY
6/25/2013 1.57 REAL END OF DAY
6/24/2013 1.8 REAL END OF DAY
6/21/2013 1.85 REAL END OF DAY
6/20/2013 1.73 REAL END OF DAY
6/19/2013 1.84 REAL END OF DAY
6/18/2013 1.9 REAL END OF DAY
6/17/2013 1.69 REAL END OF DAY
6/14/2013 1.53 REAL END OF DAY
6/13/2013 1.84 REAL END OF DAY
6/12/2013 1.94 REAL END OF DAY
6/11/2013 1.98 REAL END OF DAY
6/10/2013 1.91 REAL END OF DAY
EASY COPY ONES:
DATE
7/12/2013
7/11/2013
7/10/2013
7/9/2013
7/8/2013
7/5/2013
7/3/2013
7/2/2013
7/1/2013
6/28/2013
6/27/2013
6/26/2013
6/25/2013
6/24/2013
6/21/2013
6/20/2013
6/19/2013
6/18/2013
6/17/2013
6/14/2013
6/13/2013
6/12/2013
6/11/2013
6/10/2013
VALUE
1.66
1.66
1.66
1.66
1.73
1.67
1.6
1.68
1.51
1.41
1.39
1.18
1.57
1.8
1.85
1.73
1.84
1.9
1.69
1.53
1.84
1.94
1.98
1.91
?REAL/IMAGINARY?
IMAGINARY
IMAGINARY
IMAGINARY
IMAGINARY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
REAL END OF DAY
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