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Politics : High Tolerance Plasticity

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To: Warpfactor who wrote (18544)1/14/2003 11:52:36 PM
From: augieboo  Read Replies (1) of 23153
 
I don't know warp. Sideways crappola is so hard to read. So I'll just tell what I see and hope it helps.

stockcharts.com[w,a]daclyiay[dd][pd20,2!b50!b200][vc60][iub14!up13,8,1!le13,21,8!ll21][j9537231,y]&listNum=57

RSI looks positive. I read somewhere that when RSI's dips stay above 40 it's indicative of a bull-type market/move.

Stochastic is pretty worthless when something is going sideways.

PPO is curling up, which is good.

On ADX the little green line is pointing up and the little red line is pointing down, which is also good.

Trend-wise, it looks like the stock just broke above both the top of the sideways channel as well as the 200 day SMA.

So, is it a breakout?

Um ... Yes, at least a little bitty one. No guarantee it won't rebound tomorrow though. <g/ng>

p.s. The one thing I don't like about the chart is the way that volume seems to being going down across the last few months. Just doesn't "feel" very bullish. BWDIK?
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