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Old 07-28-2008, 03:56 PM
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rrram2 rrram2 is offline
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Join Date: Apr 2008
Location: Goochland VA
Posts: 1,714
Default You need to overlay that chart now with price bars for GJ

Don't use candles use bars. From those lines I can see she is consolidating.
And those lines will converge and get closer together. then look for a momentum breakout at some point. But in the meantime I expect GJ to continue to carry up continuously even if slowly. We will get dips down,
but she is going to keep moving up. I won't suggest that by a certain date we will hit 220 or 225. But I will tell you one thing, WHEN we DO. I will NOT be short She can surely make new all time highs despite what the illusion is telling you.

It is like a freight train comeing through at top speed when she moves sometimes. For now she doesn't seem to be going anywhere. But look at the chart, she is going to keep moving up, it is what she does best.

Quote:
Originally Posted by pakiestra View Post
Attachment 4605
I like your artistic idea
Using the proposed method from 24th July onwards all line have got mixed up completely, I recon they are sending mixed signals. The corresponding price action reflects this quite well.
Looks like the bus driver has a break or is looking on the map before kicks in.
Sorry but I still can't make this picture opening on click. Needs to be right mouse click and open in a separate window.
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