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Anthracite Capital, Inc. Message Board

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  • NEWGUY7001 NEWGUY7001 Jun 17, 2008 3:27 PM Flag

    Technically

    The 50, 100, and 200 DMA's are all uptrending with a bullish crossover of the 50 DMA. This is all signalling an established uptrend that should continue. Doesn't mean we won't have MM (short) driven pull-backs here and there, but we should be are currently in a longer term up trend. Good luck longs!

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    • a friend of mine say that the chart shown after a little more up, the stock will go back down, is he right, or can we get past 10.00, iam not much of a technical invester, please tell me what the chart realy says.

      • 1 Reply to MSDLEO
      • The charts never clearly show anything. There are few can't miss signs mostly due to the short capability. A demonstration is what just happened. The short contingent broke the back of a nacent rally. We'll see if they want to spend the money to hold down share price. They stepped in early so those that took a profit did it on small money.

        Morgan Stanley came up short and that may be having some impact as well but my belief is we are see a short play.

 

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