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Message: RE: Last week`s volume - sky

RE: Last week`s volume - sky

posted on Feb 28, 2006 02:38AM
It sure was good to see the positive volume for a change. I believe that your previous conjecture that we are in for a positive change is correct. My indicators said that occurred on 1/30. (I like to use the DMI lines primarily with others as backup). One thing being invested in this company so long without selling any shares (my bad) is it allowed me to delve into T/A (chicken bones) to some degree.

I have noticed that many times after a prolonged downtrend the DMI comes up for air for a short time, corrects and the second move up becomes more substantial. Right now the 200 EMA hasn`t turned up yet, the 50 and 13 EMA`s (which I prefer) are also below the 200 EMA - it`s dead tide now. On 2/24, there was , in my opinion, a clear bearish engulfing candlestick which, by the book, puts a stall on the previous uptrend. Yesterday`s candle bounced off the 200 EMA - that`s good. But the volume was lower.

Bottom line for me is that I believe those that want more chances to get in at cheaper prices will get it. But not for long. (That`s hope adding emphasis to my analysis - which is suspect at best).

If I had ANY money - which is why I can spend time reading T/A stuff, lol - I would be watching closely for some substantial volume with a price increase in the near future.

My little contribution for all the efforts others have put forth on this forum.

Win or lose, this game is wicked and GREAT! GLTA...

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