- YI: -2.5
- Standard oversold: ARM and OGE
- Trying to hold some rising trend line support: AU, BGF, EBAY, gold, IBM, LMT, and NOK
- Trying to hold falling trend line support: GR, JCP, and LOW
- To a hold for now: CORS
- Trying to break above some falling trend line resistance: AVP, BBBY, CBK, GM, and MOT
- Attempting to break above the 28 DMA here: CBK, CHC, the dollar, ELN, ELY, ERS, IRF, and MU
- Up against rising trend line resistance: NG
- Moderately overbought now: ENER
- Standard overbought: MCRS
- Extremely overbought: KO
- Toppy here: CSCO, CY, DNR, and JNPR
- More later. Anything here could be off base.
Friday, August 10, 2007
S&O's based on the August 9, 2007 terrible close.
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2 comments:
You called SWC bottom on Aug. 7 correctly. SWC rallied big time the next day August 8th, up from tuesday's low of $8.03 to wednesday's high of $11.04. By friday for no good reason at all it plummet back 14%.
Some very unusual price movement, on no news at all. This hint something dramatic coming next monday.
Something is wrong here...
Oh well, we can just wait for the "STOCH/RSI" to turn up again in the chart I am going to post.
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