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Message: Re: TTQ was just on Market Call at about 13:13. Technical Analysis.

Actually what was said was quite bullish from a purely technical perspective.

The commentator said that following the sp's rapid rise from .20 to $1.70 led to profit taking followed by consolidation. It has a support level of around .80 and is forming a triangle patern. (Draw a line connecting the lows of the past two or three months and then draw another line connecting the highs ofthe past twoo or three months). typically a stock will react by either falling or rising as it enters this pinch point. What they did not mention(Alsmot every techy says this is very bullish), was that the 40 day moving average just passed back above the 100 day and the 200 day average. Now all we need is some good news!!!

Heres to waiting and hmmmm maybe a good time to pick up a few 1000 more?

Cheers

Fish

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Feb 24, 2008 12:11PM

Feb 24, 2008 02:47PM
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