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mmrich1

11/14/13 6:38 PM

#9920 RE: 123tom #9918

Very well said 123tom.. It's refreshing to see a post from someone that actually makes sense and knows what they are looking at from a technical standpoint instead of (my words not yours) the usual irrational exuberance.
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jevansac

11/14/13 6:57 PM

#9921 RE: 123tom #9918

I agree, the chart looks much better and I welcome the tests of resistance. The MACD crossed up on nice volume, the RSI may have reversed in the last couple days and has now begun going up, and the Williams %R is looking right. I'd like the 20 day SMA to cross the 50.
What I don't get is how the "frenzied excitement" type posts all get a pass from other posters? I understand some do not believe TA is valid, but it's hella better then faith (belief without proof)!
We get a big green candle on heavy volume tommorow and there might be a nice trade for me next week. Good luck all.