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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: sandintoes who wrote (2387)12/2/2004 9:15:53 PM
From: Venditâ„¢  Read Replies (1) of 8752
 
Sandi,

Sorry it took so long but I wanted to be sure I was giving you a good personal technical read and personal opinion of AEXCA.

Technically it is impossible to back test because the current data is so explosive, going from 50 cents to $20 in six months. Look at my chart:

themarketwind.com

The annotations are self exclamatory. AEXCA is riding on hype and not earnings. The chart read I just made and uploaded for you show that profit taking began at $20 today on fairly heavy volume. That in itself is significant.

All lower indicators are in the over bought areas and all show sell signal confirmations.

Reid
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