Wow. I must be spending too much time on Yahoo. You actually backed your response up intelligently...:o) Thanks for getting my mind working again...
I hear ya on the technical difficulty in filling a gap. I don't see 2 7/16 in July or 3 7/16 (shortlived or intraday behavior?), I do note the drop from $3 to $2. I assume this is what your referring to. Also, the previous gap down from $5 to $3 in June. Regardless I see your point as far as resistance due to the drops. What you would expect from it, then, is to see difficulty all the way between $2 & $5...we'll see whether 7 months can heal some of the wounds...
Low volume today was good. Closing at the bottom also, as it knocked the crap outta A/D, Chaikin O, OBV, etc; yet w/o compromising the trends there. Good correction. I didn't get a chance to modify and run the stochs (using 14,3,3) and MACD (9,26,12). Doesn't the 14,10 MACD give you too much "noise" or volatility? Does it still provide valid signals?
I threw the 9, 14, 19 MA together...you're using the 19 as the trigger, or the 9?. I see the 9DMA crossing up & over back around 11 January. I use the 50 & 200 alot, because I've noted it becomes a frequent benchmark for determining the extent of any news driven runs. It's also an easy starting point for people unfamiliar w/TA to note some trends.
On LOCK I note most of the oscillators corrected well. In the absence of news, I'd expect to see another flat day tomorrow, maybe into Thursday retesting 1 3/4 or so. Late week into next, I expect to see solid advances through $2. |
