Technicals
posted on
Mar 08, 2006 09:22AM
For several days I have maintained that TA wasn`t a helpful guide when you have a cascade of good news as we had. Now I think TA may be useful again. On the 60 minute charts we are extremely oversold. The last time the 60 minutes stochastics were at this level was on 2/9 when we were trading at .20. I believe we have found a base but it may take a few more hours to a day to trend higher. IMHO