[galahad_187]

warning:
i suck at technical analysis, i've only been studying this stuff for a week, and thus my advice should not be taken as such. I'm only posting in hopes that if i'm obviously wrong, someone who is good will correct me. After saying that my opinion is as follows:

i feel that a new uptrend may be starting - but im waiting for the stock to go up a little without going below the 6month low before buying because it didn't quite go above the last + day in its little sprint up earily this month.

now anyone can guess that, so i'd apprieciate people tearing appart my reasoning.

Earily september is the first real swing up its seen since mid june. Just before this upswing it hit a new low, which was not accompanied by a lower low on the ultimate oscillator, incidcating a bullish signal. In stochastics both lines fell below 20, then halfway through the little up spring of this month the K line rose above the D line and both lines rose above 20 - bullish signal. In my chart, the high crossed above the two faster moving averages, and just now the faster of the two faster MAs crossed above the slower of the two goes. While watching this stock, i'll be hoping that 1) the price doesn't drop below the two faster MAs and 2) all the MAs begin moving upward from their current position. If the above two things happen i interpret a strong possible uptrend assuming its down over the last 2 days won't drop below about 19.50 before again rising upward. All the above about MAs i'm sorry for all the faster/slower talk, i don't think my charting software uses the 20/50/200 MAs =/. Anyway, all the above on mas = bullish posibilities. And lastly due to time and wordyness the Force index is showing some upness. F2 just crossed above F1.

Like i said though, i'm not buying unless the downs from the last 2 days don't dip below 19.50 before going on a rise to (hopefully) establish a new up trend.

I want to yap more but i have to go.

Please, if anyone is good at chart reading butcher my analysis. You won't hurt my feelings, honest.

Thanks in advance,

galahad