about iqc
hopefully this move will lead to a better product by iqc. there is a thread here on si regarding iqc. i've posted my concerns for the product on that thread, apparently there is company representation on the thread. they have promised an upgrade which i believe is late at this point that was supposed to address such issues as speed and reliability, as well as somewhat of a wishlist by users. i use the product and to this point have been patient in waiting to see what the upgrade brings. at this point i would rate the product neutral at best for an active trader.
as far as the chart reading that was posted by the bears, i would have to agree with it,for the first time,these guys can be a pain in the ass, eh? a worst case scenario if this is in fact to be a head and shoulders is actually around the upper 80s. you can see by the weekly closes, 1-8 and 2-12 that a trendline support will also come into play if the h and s should approach its target. it did in fact lose a 50 day mov avg as well, not really considered a bullish position by most ta types. i'd be very careful adding to any positions at this point,the neckline is right around friday's low, 118-119 area the posters reference to 100 area refers to a trendline on a weekly chart 2-12 to 3-5,if i'm not mistaken. i don't think the shorts start covering until the upper 130s where the downtrendline would be taken out.
not long or short, but interested in gnet
milesov
aol has a similar weekly look to gnet,lower highs for weeks, yhoo on a daily chart is testing a head and shoulders neckline. |
