the_trade123
107 posts
msg #74052
- Ignore the_trade123 |
5/3/2009 10:43:01 AM
Yeah, it is kinda hard to tell, only thing i am basing this on is that in the last 3 months it has never gone below the LBB and currently it is off of that low. Since i think it is bullish, anywhere around 9.2-9.3 would be an entry. as always, i aspire for 10%. Looking at where the UBB is right now (12.5), it should not be difficult to achieve. But will wait n watch Mon/Tue.
One more to watch is DYN (Bollinger contraction) which is undergoing accumulation right now. Earnings news this Thu so I am thinking something is brewing there.
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johnpaulca
12,036 posts
msg #74054
- Ignore johnpaulca
modified |
5/3/2009 11:01:46 AM
ORI...probability of lower prices rather than higher prices. A open and close below Lower BB40 from above is bearish.
-oops was looking on a weekly chart. Breaking below ema(100) is still not a good sign when the market is moving forward.
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the_trade123
107 posts
msg #74113
- Ignore the_trade123 |
5/5/2009 11:36:34 AM
Did you see...it did go up about 6% from where it was spotted and it will continue up a little..of course general market conditions are similar to the spring bull season...but nevertheless
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