Hate to differ w/your differing, or your friend's, but, if you plug the parameters in, for the indicators you question, I am correct. Graphs/numbers don't lie. I am not aware of how today's data affected things, 'tho I suspect they slid. MACD (note, 9 day) had in fact met. Bollinger Bands (Note, 20 day, expotential) are closing; don't understand the argument here at all. CCI (Note, 8 day) is up for grabs depending on how long you view the trend. I guess I should have quantified my view as from the last run up, ~27 April. I would agree the overall trend is down, since the initial run up in mid-March, but then again, I've mentioned the diminished strength of the runs on the TNRG thread. I've also adjusted my exit points accordingly, currently set ~18c.
The beauty of TA is in it's honesty. I try not to read into the graphs, which would defeat its benefit; TA on pennies is tenuous enough. I appreciate your check & balance, but stand by my view. I would much appreciate a direct discussion w/your friend, I'm always looking to learn & gain fresh perspective. If he/she's got time, invite 'em over for a while, or tell me where to go to listen. Thanks. LB
P.S. see the bbands here yourself, even 'tho I'm not sure what parameters they use for default...
bigcharts.com
(if TNRG doesn't cpme up, punch it in, then go to the indicators box on the left margin, go to upper indicators, select bbands, go to the bottom of the left margin, store the settings and reset the graph. Please tell me yourself if the are closing or otherwise. Thanks.)
|
