The optimism of higher lows on the oscillators are fairly matched by lower highs; ?? i.e., the graphs look like they're squooshing down from the top and bottom basically, towards middle ground. This is indicative of the smaller volumes and attendant decrease in volatility. The Bollinger bands have also flattened out at $.50 & .58, showing the trading range we've seen the last few weeks. Narrowed bands eventually lead to a break out. The direction is determined by corroborative trends. And the trends are ambiguous.
Some laggers/trenders (MACD, Chaikin O) have been advancing slowly the past few months, which is slightly optimistic. Also on the optimistic side are the Stochastics, which are making fresh highs. On the pessimistic plate is the Commodity Channel Index (CCI) which just collapsed Friday (~-200) to it's lowest point this year; a heavy oversold indication which should signal a price rebound near term, but which mid-long term reconfirms the existing down trend.
The call: Really none, but a slight lean to the upside. I'm out, and will stay so for now, unless the statistical balance continues to shift positive. I'd watch it more in the coming days to see behavior of the stochastics and to see if any other indicators start to turn up; also to see if the CCI recovers. At these prices, so little money does so much quickly, that one would be really pressed to think the statistics represent a fair portion of NCTI's true market.
I'll try to continue the watch. Remind me, and let me know what you see.
I'd asked about the NASD notice a while back, but have since forgotten. Will they be bumped to a lessor exchange, or have they received a stay of execution? |
