Wednesday, November 23, 2005

MMI (M29) - In answer to Mr Tran


In answer to Mr. Tran, I took the liberty to have a close analysis.
CMF on top of equilibrium, ROC tilting up, Acc/Distrn and OBV both fine and up.  Also William %R highest on the band and tilting up.
The changing patterns that even the most critical and conservative traders hoped for is now materialized! That is D just positively placed. . MACD up and crossed the zero line. The volume already boosted up to 6 folds from yesterday to 6.46 mil. Sub-Resistance broken. SAR just depicted the 1st dot of bullish reversal. Furthermore, volume rose in tandem with price means: strong conviction and bullish days ahead can be anticipated. Even the Equivolume Shape (inset) reveals strong commitment on the side of the Bull. In sum, an excellent pattern to trade in!

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