Yep Myron,
You nailed one there. MACE was indeed a MIMBO at 1.70. It ran to 3.25 on the initial BO enthusiasm to set up the Peg line. Friday's high ran headlong right into the Peg line and stopped. The volume and technical profile suggests a break over the Peg line is fast approaching. The 89, 3, 5 is in the process of crossing up while completing a sneaky little IHS just over a value of 70. That's an excellent place for a break out to occur.
The 2, 1, 2 looks great as does the 3, 1, 2 the 4, 3, 2 and the 13, 8, 8. That should propel the 89, 3, 5 through the neckline.
The 3 dRSI just barely pulled out a down trend break out that you almost need a magnifying glass to see. Those are the best kind IMO because the break out hasn't used up any momentum yet.
The SMI multiplex is just where Bdog and Craig like it.
The SMI scattergram (from which the multiplex is derived) is absolutely screaming and is the most bullish of the indicators on it.
There's a rabbit signal on it as well.
I'd say the minute it breaks over the Peg line...it's gonna run at least to the initial target line at 4 1/8.
Very nice find,
Doug R |
