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Message: The numbers...

The numbers...

posted on May 18, 2008 02:06PM

Closed below MA15. MA15 is below MA45 and above MA200. This relationship is bearish in the short term and neutral in the long term.

The narrow width of the Bollinger bands suggest low volitility compared to the normal range. Because of this, the probability of volitility increasing with a sharp price move has increased for the near term. The bands have been this narrow for the past 17 bars and the probability of a significant price move increases the longer the bands remain in this narrow range.

Currently the MACD is bearish since it is trading below its signal line. Presently, the MACD is in an oversold range. There have been no divergence signals in the last five bars.

The RSI is not topping or bottoming. RSI and price are not diverging and the RSI does not show any failure swings.

We are trading tight here! Support / resistance at .65 / .69 and then .64 / .72. The market will have lots of catching up to do with a short trading week so this is a good week for the branding and DIN news release. One thin is for sure, branding, DIN and retail announcements are iminent. If you've played junior mining and exploration, that's hit and miss. We should consider ourselves lucky to be in Alda.

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