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Re: jmichael7 post# 417302

Tuesday, 10/04/2005 7:51:09 PM

Tuesday, October 04, 2005 7:51:09 PM

Post# of 4968334
jmichael7 - re:CDIT - I always have trouble with these types of charts -hard to interpret data when there is so little of it -

1st thing I notice is that you'll need a bigger chart if the MACD gets any lower, got a little divergence going on the histogram too - they have certainly sold the fire out of it over the last two days, interesting though that they couldn't take it back down to the 9/27 low - all other indicators are bottomed [of course where else could they be, lol]

When I looked at the 10 day intraday chart some interesting things show up:
#1 - that dip on the 27th happened at the EOD on small volume [less than 250k shares/probably 1 order]
#2 - the A/D line is climbing over the last 4 days, in spite of the price falling, which explains the divergence on the MACD histogram
#3 - the Aroon is just starting to turn up

If you're a bottom feeder, you've found food, lol -

4God





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