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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: stockid who wrote (50015)4/11/2002 11:21:29 AM
From: KevinMark  Read Replies (1) of 99280
 
True, the 60m chart is oversold, massive volume yesterday indicates there were buyers mixed in with all the selling and margin calls. Once margin calls are out of the way which is around 12:30 then any buy side volume will move it higher. Also, it has "NOT" made a new low since yesterday. I believe the powers at be may try and push it down close to the 4.6 level again, then I think it will head higher.

One last thing on TA, there is positive divergence with the stochastics.
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