TA said it was time to recede a little since running up to $1.82 and topping the indicators I follow(co-incidentally over the long weekend?). Now that it has retraced a little, it looks to be turning up again and setting up for the next move towards cracking the 2 dollar zone.
For now resistance can be found at $1.74 where it has hit 10X in the past.
http://stockcharts.com/h-sc/ui?s=ISM...
Here's another site I watch as well but it's alway one day behind in updating
http://www.stockta.com/cgi-bin/analy...
Can you say "very bullish"? Despite the markets as of late ISM has done well imho holding it's ground. Fence sitters are being just that right now
Note in the chart below how the volume tapered off and the MoMo players simply sat back after possibly hoping for a glimpse of the future once Labor day was here. Labor day passed and nothing transpired so speculators stood back, hmmm when would be the next possible timeframe we may see future expected news?
Christmas??
