Posted On: 02/09/2014 3:32:28 PM
Post# of 2559
GME Daily Chart ~ Follow the Indicators!
While many of the talking heads were pounding the table on GME in November, those that listened to the FullSto and MACDs, avoided a drop from 57.41 to a low of 33.10 put in last week. So one simply needs to ask, do I enter a stock with the indicators in the nose bleed section, as was the case in November, or when the indicators are in the oversold basement level. GME was extremely oversold last week and has since bounced from 33.10 to the mid 35.00s. I'm not in the stock this time, but a few friends did enter last week after side stepping the entire decline. Nice! GLTA
While many of the talking heads were pounding the table on GME in November, those that listened to the FullSto and MACDs, avoided a drop from 57.41 to a low of 33.10 put in last week. So one simply needs to ask, do I enter a stock with the indicators in the nose bleed section, as was the case in November, or when the indicators are in the oversold basement level. GME was extremely oversold last week and has since bounced from 33.10 to the mid 35.00s. I'm not in the stock this time, but a few friends did enter last week after side stepping the entire decline. Nice! GLTA
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