RE:RE:Recent "doomsday" price driverEmoOn wrote: Pull up a weekly chart with Bollinger Bands... the chart is going from the lower left to the upper right. The 20wma is at $0.55 and the RSI is close to 50. If the price does go any lower it should bounce off the 20 week moving average at $0.55 cents while the RSI bounces off of 50! On the daily chart support is also around $0.55. Bollinger Bands are also tightening... Bollinger bands contain 90% of all price action. Lower Bollinger band is also at $0.55. Load the boat if we hit $0.55! At least your risk is defined at that level! GLTA
After you mate. I will wait for another bullish price driver to form. Sure, I might get back in at 0.57. At least, when I do get back it, I know the SP will rise within days and not look back at that price ever again. I'd trade a few pennies for this safety net anytime. Of course, I only a short term trader. To the long-term investor, anything below 0.55 would be considered a steal, wouldn't it?