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Message: TA and Chart

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TA and Chart

posted on Mar 05, 08 04:09PM

Here's updated chart on PLE. Nice to see this one coming back to life lol.

In order to show clearer chart I couldn't include oscillators, but suffice to say that most of oscillators are overheated. Nevertheless, a peculiar situation developed, and that is that large sell orders seem to be AWOL. Should it stay that way, it would definitely neutralize those overheated oscillators. Are big boys ready to let this one run? the days ahead will be telling.

Another thing not shown on the chart (I wanted to show ParabilicSAR instead) in 50EMA. This is too bad because one could see how 20EMA crossed over 50EMA (.184)...... a very bullish sign.

As for ParabolicSAR, the further bellow the candle it stays (indicated by dots) the better. The trend reversal (which is bullish now) is that much further away.

Big resistance is still at .28. Should this be overcome with huge volume twenties will be history. In the meantime look for supports at .23, then .20, then .18,and should things turn really sour even that gap at .16 would come into play.

The chart shows some FIB number so don't be surprised if some trading reverts around there.

GLTA!!!!

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