Wednesday, August 26, 2009

An agita chart

OK master technicians, analyze this one. Big pop on earnings (not to mention an analyst upgrade AFTER it jumped). What is the trend? Where is resistance? What color was George Washington's white horse?

Is it any wonder we burn out?


Lardo said...

Looks like you need to be from the "islands" to truly understand this chart.

jpmist said...

Is that a biotech? No wonder. Biotechs have too high a risk for exogenous events to move the stock for momentum indicators to work.