Yes! Chaikin Oscillator closed above zero for the
Post# of 96897
Posted On: 02/26/2013 4:18:34 PM
Re: Vandervecken1 #1072
Yes! Chaikin Oscillator closed above zero for the first time since Feb. 14. Have been watching closely to see this; the CO seems to be a very good predictor of NTEK behavior on 6-month or less charts. It's above zero and crossed zero line going up. Price hit the lower b-band yesterday and today (or came so close it doesn't matter); with CO rising should mean trend reversal if yesterday + today considered double bottom on lower bollie. Williams%R ended safely in the zone just shy of neg 60 and is rising, so market is responding to oversold condition.
That last second paint job was meaningless and for charting purposes the true closing price is .0175.
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