Originally Posted By: TheLoneRanger
Originally Posted By: TheLoneRanger
My indicators show a short term bottom right here,
with an upturn lasting for several weeks and several
hundred Dow points.....
This was indeed a good week; it's time for a relief rally
but the technicals also look good. On the stocks I plot, the
MACD is turning upward if not already crossing. I stand on my
previous posting and believe this rally will continue....
Anyone here use candlesticks?
The MACD now shows signs of topping, as do several other
indicators I follow. Might be time to take some short-term
profits, although I don't see a huge drop from these levels.
Probably more of a sideways movement until indicators show a
buy level again.....