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Old 08-13-2007, 04:02 PM
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chuck chuck is offline
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Fly, the following is a chart that you can see, what is happening. I?ll try to explain the best I can .
At the present time, the stock is up against your 10 day expotential high moving average. In order for the stock to be a buy It has to move above this 10 day moving average. At least two days in a row. After that you?ll see a small red line going across the page. At one time, this was your support line, but now this is your first resistance line. The other resistance line is above this red line, and it is. I think blue. I can not find any support lines. Now this is a daily chart. And you can see that you are inside the Bollinger band close to the bottom, but moving up. The Bollinger band at this point in time does not give any directions, as far as buy and sale is concerned. Before I forget it. You also have a 20 day moving every witch is the large green line are greenish blue. If you also penetrate this line. This also will be a good signal.

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