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xZx

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Alias Born 02/17/2005

xZx

Re: None

Saturday, 06/03/2006 2:46:25 AM

Saturday, June 03, 2006 2:46:25 AM

Post# of 38584
a little TA on EQBM. CMF and a/d line very interesting. it's clear from CMF that investor confidence needs to be established, but we knew that already, we also know that's why the pps is very low and expect this to change soon. why? notice how the CMF is trending recently. money is about to start pouring back into EQBM.

the indicator supporting this the most is the a/d line. while it has been flat for most of the last 6 months, and understandably on a decline from march to late may, notice what it did on the 22nd. an extreme explosion to the upside, a total reversal, and now we seem to be settling into a new, trend of postiive, not negative, divergence.

RSI shouldn't be left out, either. looks like it will be back in the zone next week, trending higher.