GREY:ENGFF - Post by User
Post by
zetaon Jun 02, 2008 10:11pm
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Post# 15137255
TA AND CHART FOR TUESDAY
TA AND CHART FOR TUESDAYHi - sorry, a little late. I was out of town and just returned.
ENG did okay today - that is a spinning top, which is an indication that the sellers are losing some of their power - it is also almost a doji, which is a strong reversal -- notice -- we have had 5 days of black candles -- we are very close to the bottom of this selloff and I would not be surprised to see a strong bounce tomorrow. Notice as well, the long lower shadows on the last 3 candles -- a sign that the buyers are still around, just still have not taken over the sellers -- I think it runs up tomorrow -- breaks over 1.53 and we should see a good upside rally -- so -- I think the end of the tunnel is in sight and things should improve. Here is the chart for ENG -- good luck tomorrow. Zeta
