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American International Group, Inc. Message Board

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  • whitesands_8 whitesands_8 Mar 18, 2008 7:56 PM Flag

    Great time to get out of AIG.

    TA is simply a way of examing areas of supply and demand on the chart and how that results in the development of trends...

    With that said...Examine the areas on the long term chart where AIG bounced off of the $50 level several times...Those are price levels that met enough demand to push the price in the other direction...Now, look where AIG fell through the $50 level...That means that supply was much stronger than demand at $50...Then look at where AIG pulled back to the $50 level and fell to where it is today....$50 represents an area of strong supply and tells us that supply is greater than the demand of AIG and that will result in a downward trend..

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