posted
Watch this one. Not as much confusion here Tex. RSI & Williams are both showing oversold, ranked as a buy or strong buy by everyone and it's only about a buck off its 52 week low. Bought a load of it today between 5.30 and 5.34, closed at 5.31. Looking for 6.00 minimum next week.
IP: Logged |
asked Simon about this on SPR (who killed me, btw, on the BVX chart interp), and he pointed out the s t o c k l e m o n report, plus the ADX trend, showing downside gaining strength...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
IP: Logged |
I'm just a begginer with charts from the chart school at stock charts dot com. But I think once the ADX crosses above 20 thats a sign the the trend is starting and gaining strenth. So that guy might be right and the down trend is about to pick up steam and go alot lower.