GREY:BIXZF - Post by User
Comment by
brnt999on Dec 03, 2009 9:19pm
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Post# 16552701
RE: RE: RE: RE: mid 1.80's finally
RE: RE: RE: RE: mid 1.80's finallyTA has some value in predicting the next day's trade--but thats about it. It probably has some value for day trading. TA did predict the bearish patterns the last few days.The funny thing is through my online broker I get email alerts for technical events and with a stock like BXI every two days the alerts change from bearish to bullish to bearish to bullish. The stock lately is in a channel from a low of 1.90 to a high of 2.00. When it gets to 1.90 within a day or two the alerts change to bullish and when it gets to 2.00 within a day or two the alerts change to bearish.
A few weeks ago I wrote that there seems to be pretty good support at 1.90. Well look where we ended the day.