Hi Cush,
Well, I finally bit the bullet & bought some XIT.to today
Daily chart: stockcharts.com[w,a]diclyymy[dc][pc5!c21!b50!b100!h.02,.20!i!b200!f][vc60][iut!ul14!lc20!la12,26,9!lh14,3!lb14!lg]
Interesting chart <g> Positives: +Dmi over -Dmi, volume decreasing suggesting a lessoning of selling pressure which is possibly reflected in the doji that was formed today (needs confirmation though). The uptrend in the index is intact (higher highs & higher lows since the reversal from Sept. 24.
Negatives: -Dmi crossed over the ADX (which ain't good & the ADX turned down suggesting that the prior trend (up), is weakening -- (NO Kidding) LOL
SAR turned down, MACd, RSI, Slo stochs all turned down.
The real concern I have here is the negative cross-over on the OBV.
So, why did I buy this?
I am very intrigued by the Doji candle that formed today. Also, in conjunction with some of the techie stocks that I follow (on the NAZ... for example ARBA PHPI), a divergence of some sort may be developing.
Anyway, gotta go, 'mental' <LOL> stops r in in case I'm wrong.
Regards,
Peter |
