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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Gush who wrote (2734)12/20/2004 6:46:18 AM
From: Venditâ„¢  Respond to of 8752
 
DaGushman

NURO

139.142.147.218

Hit upper resistance at $11.00 on Thursday.

Friday formed a black engulfing bearish candlestick which had a lower open and a lower close than Thursday which is bearish.

Stochastic fast line (black) is poised to move under the slow line (red) today which will be a sell signal cross-over in the 80 zone.

William’s %R has been heading down since Thursday which is a bearish indication.

All of the above add up to yes, I fully agree with your read of the chart except first lower resistance will be about $9.50 (the 20 EMA). I would have to do a full line analysis to determine where the bottom probability is.

Reid