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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?


To: Lahcim Leinad who wrote (30447)7/17/2012 1:28:46 PM
From: sense  Read Replies (1) | Respond to of 34857
 
Well, today at least, the chart "price targets" show zero traction...

Looks like a "sliding" picture of a false bottom, intended to foster hope...

The chart support moves lower in perfect synch with the decline in the price, to allow whatever it does to be "it"...

Hold your device at a 45 degree angle... and note the "stable" chart trend moving sideways ?

There is zero chart or market resistance to "lower"... and any real resistance there might be, is being masked by the false picture postured in the charts... showing "this could be an obvious bottom"... until, nope...

So, the current pace on trend... isn't sufficient to enable anyone in thinking "oversold enough for a bounce"...

Second derivative lower bolly broke lower out of Friday's close... so... IMO... look out below...

A failure to "exceed expectations" Thursday... ?

If the dogs aren't wearing proper tutu's and jaunty hats... and the pony takes a crap on the stage ?