Charts Anyone?
in response to
by
posted on
Dec 03, 2007 06:25PM
Tomorrow we drop our lowest number in the last 20 days
The 20,2 bollingers will be narrowing and the triple bottom
vs triple top cannot be confirmed. So it's a very delicate balance (duh)
The additional worry is that the 20 day ema weakens the 50 gets stronger although there does not seem to be an imminenet danger of teh two crossing.
On teh upside the 20 is above the 200 and the 50 day, which is
strengthening iswithin one penny of breaking above the 200 for the
first time in eons.
So while this is a slippery slope for now we seem to be in
a relatively safe base camp. With the slightest bit of good luck we will be able to scale this mountain to new heights,
But nothing is gauaranteed do watch where you step.
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