All these technical analyses always seem to cook down to almost nothing but an assumption of momentum. In todays example, yep, all the indicators read "bull" because.... shock - the stock has been going steadily upward.
If it turns around and heads down, the indicators will reverse. The further and faster it goes down, the more the indicators will go "bear".
Tech does have its' place in investing, no doubt. However, IMHO - along with that of Warren B. - fundamentals always have the "last word" in any Company's PPS......... I am one of many suffering Shorts on this Board...... fortunately, I only recently shorted RSH so haven't spilt much blood yet.... I am comfortable with the fundamentals indicating a lower price for RSH, ergo will Short more shares if price goes higher.......... my one concern is a buyout, but I agree with many on this board that no buyer is likely - especially at RSH's current price....... another downgrade would likely let some air out of RSH's inflated price.