GREY:XEPRF - Post by User
Post by
Cartman666on Mar 08, 2007 12:44pm
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Post# 12381221
Today''s activity on XE
Today''s activity on XEWow, it's so depressing to see this board get so quiet, when XE is just having a boring day. Here's my take. I thought we might consolidate in the $1.40s, but we look okay here in the $1.50s - even better! Low volume signifies that the bulk of buying and selling has been done, and everyone waits for either the next technical indicator (to buy more, or sell), OR news from XE.
When I revisit that FSY chart, and look at the blips as it ran up to $9.00, I noticed a definite trend/pattern: Following any series up 'up' days when the stock runs up a decent amount, it experiences 3-4 'small' down days in a row. For XE, 'small' down days would be $.03 - $.12 - after this, it is followed by 3-5 MUCH stronger 'up' days, thus pushing the pps up to newer highs.
Let's see if this holds true. I believe it will IMO, providing China doesn't crap all over itself again
