posted
I'm glad to see that CNES has held its ground today. Looks promising for tomorrow.
Posts: 340 | From: Pleasanton, CA | Registered: Jan 2006
| IP: Logged |
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
| IP: Logged |
posted
Thought it would close stronger. MM's are really holding this stock down in to the close.
Posts: 1638 | From: Up North | Registered: Jan 2006
| IP: Logged |
posted
"A crossover is when the 50 day crosses the 200 day moving average, a golden crossover is when that 200 day moving average is accending when the 50 day crosses. That is what makes it golden for the bulls in the stock."
Posts: 960 | Registered: Sep 2005
| IP: Logged |
posted
Agreed... Don't be surprised if it shakes hard tomorrow before it runs some. There looked like a lot of sales EOD...
Remember ...there are folks wanting to take profits and get out...This may continue to fluctuate until we get good news...The MM's were real slick today and ARCA was the key...
quote:Originally posted by gatorhistory: "A crossover is when the 50 day crosses the 200 day moving average, a golden crossover is when that 200 day moving average is accending when the 50 day crosses. That is what makes it golden for the bulls in the stock."
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
posted
EOD sales were from daytraders getting out IMO. Take a look at the Accum/Dist. chart....we may get a shake but it won't be like today I don't think.
Posts: 960 | Registered: Sep 2005
| IP: Logged |
posted
Very true...The low resistance looks solid at .0015...ARCA was leading the pack of wolves today...We'll know the first 30-60 mins of trading in the morning...Am hoping for .003+ by the end of the week...GLTA
quote:Originally posted by gatorhistory: EOD sales were from daytraders getting out IMO. Take a look at the Accum/Dist. chart....we may get a shake but it won't be like today I don't think.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
| IP: Logged |
posted
I have to say,the rsi for the price right now is staying steady and inline for the price right now. If the price shot over .002 as it did,it showed way over bought,but as it dropped down to the .0015-.0018 range it dropped the rsi to a steady but good 45 range.
posted
Brian, IME that steady RSI is a promising because bullish stocks tend to consolidate 40-45 RSI in order to bust moves into 80-90 RSI range. CNES seems to have retained its bullish nature even after a pretty nasty MM induced shake.
-------------------- yourdiligence Posts: 197 | From: western U.S. | Registered: Jan 2005
| IP: Logged |
posted
That is correct. If a stock usually holds in the mid 40's on the rsi it will usually shoot straight up and the stock will start to climb with very little volume. The problem lies when it stays above 70 for too long it can take a huge fall fast,as happened today. There is no doubt the chart looks bullish just dont fall in love with it cause it will drop and you might as well take all of the profits that you can and then jump back in with free shares and start the rocket ride again.
posted
I think we will have growth tomorrow but I doubt it will be as staggering as it was today and I doubt the shake will be half of what it was today.
In my opinion there will be some solidification before the next crazy run.
The Bigfoot
A golden cross could completely change the scene though.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
| IP: Logged |
posted
I still think .004 -.005 is possible by the end of next week. With a good PR ...dont be surprised if it hits .007. jmo
Posts: 1178 | From: Mobile, AL | Registered: Aug 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
![[Big Grin]](biggrin.gif)
