re: t/a bearish//brunette-two hi folk's,i still stand by my...

re: t/a bearish//brunette-two hi folk's,

i still stand by my earlier post's were NEO is bearish,

and would like to add the the macad histogram is falling as well,

if this ons start's to be dump.d before close the i will be out,

please make your own choice's based on your own research as you are the only one that you can trust with your money,

good luck folk's,

Subject re: t/a neutral//madmacs
Posted 31/12/04 11:08 - 70 reads
Posted by dingo37
Post #91406 - in reply to msg. #91400 - splitview

hi madmacs,

my reason's for calling it bearish are,

there are two candle's at $0.043 [ double top ]

the rsi bottomed out on the 23/24 th,

the rsi went lower at close last night,
this tell's me the up ward swing has failed,

the demand index has fallen,

the last candle at close was bearish on a greater volume then the candle from the day before,

as well as the true support line at $0.040 being the stop lose as you have suggested has been triggerd,

if you put a support line along the $0.034 cent mark then run a trend line from the candle dated 29/11/04 being the high of $0.057 cent's,
then run it through to the $0.034 cent point then you should be able to see why i call it bearish.

this is were i believ it could end up,

but as all way's time will tell my friend.

tight stop's folk's
DINGO 37
THE HUNGRY ONE
good luck to all who dare
mywebsite

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