RE:RE:Strong indications of positive momentum coming
Not sure endzone. It's possible. I think the SHL and NOB dividend shares are playing a role. It's a bit of a mess there. Cant remember when the paydate was on CNC divi shares from SHL. And whether people could sell them right away. The divi shares from NOB I believe still haven't been cleared up if I'm not mistaken. But for every seller there has to be a buyer. So if SHL people sold, someone was waiting to buy with open arms. I think this is being orchestrated for someone to take a large position. Just my opinion. The strong divergences even with the weekly charts like you say are even more encouraging. If this gets well into overbought again, that will be it. Barring any massive market meltdown or unusual negative news from CNC, I think we may have a huge trend change coming. The initial test and break out of $3 plus will almost always fail. Many were hurt in the breakdown and are still afraid and sell quickly. So you get natural AND artificial selling there. It's the next swing up Ive been watching closely. These recent wild swings, reversals and strong closes are usually indicative of something coming. Of course no one knows for sure what's going to happen and I could be completely off the mark here, but I don't think so. I think we're about to see some fireworks. IMHO.