RE:Your Weekly Chart
Dojitrader15 wrote: Sorry to say to those that bought at the top but just as I've been stating how the daily chart WAS rolling over and now HAS rolled over and how the RSI, MACD and SlowStochastics were in overbought territory. Well, now the weekly chart is in the beginiing stages of starting the very same type of roll over, with the very same indicators being again in overbought territory. There is a long way, as I've mentioned before, before the stock will even get close to oversold territory.
The stock has now started its long decent off the cliff I kept mentioning. I am not a good predictor of time so I won't even guess as to how long it will take to play out.
Big red candlesticks are never a good thing...here's your weekly chart
Weekly Candlestick Chart Rolling Over
You have stated time and time again Doji that FGD controls its SP by using NR's.... which by itself eliminates your long TI's unless they are being used to look at HOW NR's effect FGD.
Yes the stock was overbought but it isnt anymore and being overbought is nto a BAD thing on a hot stock.... It also doesnt mean that it HAS to come down and I have given you examples of this in the past..... Now we are on consolodation and a sharp selloff from a NR that has more potential upside than down and you are calling for a drop because of TI's?
Wow now thats some good charting
We have warrents and cheap paper coming.... That also has NOTHING to do with your TI's unless you have comparable charts of when it happened before to estimate pontential re-entery points.
RSI is out of the red on all accounts and is lower than its been in 3 months.... WP is prime for a rebound TRIX is at the bottom of its cycle all pointing to a heafty bump and a bottom that is close.... but guess what.... we have more NR's coming that change the way these TI's should be read or used.
Constantly using TI's to sprout your garbage without taking everything else into account is like a color blind person choosing paint colors.... IT MAKES NO SENSE
Oh and thanks for clarifying that long red candls were bad.....