Probably. But, at present, on a day to day chart over
the past 120 days it shows a down trend. For today,
bad candle, moving ave. down, RSI is headed down (this is
good, if it starts showning oversold) stoch. down, momentum
is up a bit, and bollinger bands still on a downward trend.
If it goes below 13, then I nibble some more. My guess,
is that it will drop more tomorrow -
HOWEVER, IN THIS MARKET WHO THE BLEEP KNOWS WHAT THE BLEEP
IS GOING TO HAPPEN? "NORMAL" indicators don't apply the
way they used to. Some others that you may be interested
in (very strong charts) are PUMA, CTXS, and MGIC. I don't
know what has caused MGIC's rise (perhaps the beginning of
the end of Iraq as it used to be). Another one is JDSU -
it has been so beaten to death, but it appears to be
raising itself from the ashes.
Take Care! |
