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AMCOL International Corporation Message Board

  • old_guy_gte old_guy_gte Aug 8, 2006 9:51 AM Flag

    COMPRESSION AGAIN

    The Amcol Bolinger Band chart has this morning compressed to within one dollar (currently 90 cents.) This normally means a sharp move in one direction. But the chart does not give a clue as to which direction - up or down.My guess is down because the volume weighted moving average is now below the upper Bolinger channel. This makes two strong resistance lines to clear in order to go up.