Downside Yesterday, Good Open Pop Today

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jcwillis

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Downside Yesterday, Good Open Pop Today

posted on Feb 10, 2012 10:39AM

Pretty good pop to open today, hitting 0.415 for a moment.

Yesterday's selling was interesting as OBV showed accumulation. 41'ish (currently BB-mid and 14dayMA) is resistance at this time. OBV up today, but not same rate as yesterday. Would like to see this run in upper BB, as it is currently in lower half range. Stoch and Mac appear Bearish. Currently, today's candlestick forming a "shooting star" (Bearish). 200DayMAstill plodding u and about 0'ish, so downside should be minimal. Those wanting in on the cheap may want to consider placing orders soon in those nether regions, because when it happen, it happens fast.

But, it may not happen. The new of the options and dilution financing are fighting the Tiger fans over sp. Looks bad but keeps the company alive. If Tiger takes this tourney, might see some decent upside on Monday. If not, probably flat with continued downside trickle. Have not checked out the upcoming Tiger tourneys for the near or far future. Guess I need to brush up on my golf DD. But, never was much of a golf fan.