Bill: I posted a short-term (very short-term) chart of BOBJY. All the BNS indicators look good, except the Chaikin Oscillator, which, as you know, can be a leading indicator. Is this cause for concern? I suppose the important thing is that it's breaking through resistance, but you'd think it would have gone higher today, with volume at 2,265,000. I see strong resistance at 9 1/2, where it ended the day.
I don't like the look of the evening star that may be emerging, if there's a drop tomorrow. So far, there's a short black day that gapped above the long white day. If there's a black day tomorrow, it could mean a reversal.
My BNS chart is at: members.aol.com |
