Posted On: 12/16/2013 12:14:58 AM
Post# of 2561
MINE Daily Chart ~ Trying to Put in a Low
Earlier last week, I posted a chart showing the possibility of a double after the massive dump on Dec 5. I said I would only be watching as a selloff as the one the stock saw then isn't normally reversed that quickly. Although Thursday and Friday were green days, there isn't too much to get excited about at this time. Although the FullSto and faster MACD are showing signs of crossing, the 12d MACD is indicating there's maybe more weakness ahead. Barring any very substantial news, until the indicators reset, one could expect yearend tax loss selling or more selling should the next tranche of toxic debt begin to convert. Unless someone asks for a chart on MINE, it could be some time before I post one again.
Earlier last week, I posted a chart showing the possibility of a double after the massive dump on Dec 5. I said I would only be watching as a selloff as the one the stock saw then isn't normally reversed that quickly. Although Thursday and Friday were green days, there isn't too much to get excited about at this time. Although the FullSto and faster MACD are showing signs of crossing, the 12d MACD is indicating there's maybe more weakness ahead. Barring any very substantial news, until the indicators reset, one could expect yearend tax loss selling or more selling should the next tranche of toxic debt begin to convert. Unless someone asks for a chart on MINE, it could be some time before I post one again.
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