Are you still in denial of the importance of the weekly 40sma????? Well continue reading...... Just like I suggested as a possibility. Locm jumps over it's weekly 40sma to start the week off. Can you say MAJOR SPOT ON observatory analysis folks... Just take a look at what I said on 21-Apr-11 04:09 pm under my message thread entitled "LOCM closed right at the weekly 40sma" and I quote myself: "Either LOCM jumps the weekly 40sma barrier right out of the gate next week, or possibly it will consolidate right here for a little while. Didn't I say on 19-Apr-11 09:44 am under my message thread entitled "Will LOCM overcome it's declining weekly 40sma???" and I quote: "Stay tuned folks because it may be starting to get interesting here.""
You gotta recognize the influence of the weekly 40sma.......
So let's get this straight. You still want to pump your oddball version of the 200-day average, giving yourself kudos for being "spot on" predicting that it might jumps through the 200-day, or it might not.
WOW! That's one hell of a call. Hey let me try that, I predict that LOCM will close over the 200-day average unless it doesn't!