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To: cicak who wrote (33771)8/20/1999 10:06:00 PM
From: Ditchdigger  Read Replies (1) | Respond to of 44908
 
Who's handing out the super secret decoder rings for the 007 agents on the RB thread? What a hoot!!..'nite DD



To: cicak who wrote (33771)8/20/1999 10:13:00 PM
From: MskiHntr  Read Replies (1) | Respond to of 44908
 
All it tells me is that the price is going up. How far? For how long? I don't know. I let the market tell me when the stock wants to rest, i.e. back and fill.

Save that url I posted and you can check it on a daily basis. Watch the dotted green line in the bottom frame. It is currently emerging from a very oversold condition (below 25). I want to see that dotted green line get into a very overbought condition (which starts at 75). As it rolls over, the stock loses momentum, that is, the current buying wave reaches an exhaustion area; then the stock rolls over and backs down in price, eventually stabilizes (new buying) and then stairsteps back up (hopefully).

Review the past price action on the chart and you will be able to see the events cited above unfold.