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Message: Re: If I had a Million Dollars!

Jun 04, 2009 11:50AM
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Jun 04, 2009 12:09PM
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Jun 04, 2009 05:20PM

Even though we are all in on the same boat here waiting for news of some sort, the technicals are telling us:

1) The MACD shows we are in a downtrend (duh!), and doesn't look like it will be gaining any momentum anytime soon.

2) BUT, the RSI states we are on the verge of being oversold. To my knowledge on previous companies who have reached this stage (<30 score), my guess is in the next week or so, we will see a turnaround, and somewhat of a "pop". It would be even better if news accompanied the upward trend.

Just my thoughts...



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