Only question is, will we reach $21 by Thursday??? GLTAL's
Henry is swimming against the tide...Watch BVSN next week !!! 50% upward move..
Dale, I asume you've read this acticle.http://seekingalpha.com/article/407841-caution-for-the-long-term-investor-watch-out-for-a-broadvision-dump?source=yahoo
Next week will be a key week. If the jobs number comes in low, look out.TA:Bollinger Bands have not been this tight in 2 years. This means a possible breakout. It does not indicate up or down, just a break one way or the other.MACD turned neg Feb 15 and has been dropping (similar pattern back at the July top).RSI (Relative Strengh Index): Peaked Feb 3 at 83.94 (above 70 equals a bearish signal below 30 is a bullish signal) and has set two lower highs and turned down again closing at 62.33.Stochastics: Crossed on Feb 9 with a high of 97.54. It bounced 84.59 and 97.54 for a long time, Dec 23 - Feb 13. It broke down and is trending down setting lower highs closing at 67.65.These are still leading me to believe a correction and a better opportunity will be coming shortly.Markets are having a difficult time breaking the April 2011 highs. Three tries and they just cannot make it. I guess they get up there look around and do not like what the see and pull back...Last week the charataristics of the market started changing. The markets have been in a pattern for 4 months that broke last week.I do not know what it all means, but IMVHO, I think a pull back is coming shortly (5 - 7% for the markets). It could be the Jobs number Friday. Sell the news.... These thoughts of course are only MVHO and are certainly not a recommendation buy or sell, just sharing my thoughts... GLTA
yup! the bollinger metrics are very telling by being not only tight but slope of both upper and lower (tracking). The jobs will probably dissapoint but even if the numbers published are higher employment I believe them to be bogus.I think WNR to be a hold or sell!Henry
Thanks Jet.What about the SMA50 crossing the SMA200?http://finance.yahoo.com/echarts?s=WNR#chart7:symbol=wnr;range=3m;indicator=sma(50,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined