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Message: RE: Good or bad.........

RE: Good or bad.........

posted on Nov 10, 2005 03:51AM
`Several indicators are pointing to an overdue move`

I don`t know what indicators you prefer but the ones I use all point to no action at this point. I like to use DMI and MACD for determining if a move is on. I also use stochastics (way oversold now, which is good for buying if MACD/DMI say a trend is in play - which they don`t) and RSI (now below the 50 line). OBV doesn`t show anything and the momentum is below 0. The bollinger bands seem to be constricting still which I suppose might indicate an expansion is imminent. I don`t use BBs tho.

The gap down from .145 to .14 was done with little strength but I suppose you could look at that.

I`m always interested in learning others perspectives if you have something.

Thanks Sky, you`re the King...lol

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