Normal
Re: XAO AnalysisGeeze... what a night of sheer panic and excitiment!since the compression of the trading range, one would had to have a guess at which way it would break... up was what most of us were hoping for... but Technicals said down was the more likely scenario... (ie symetrical triangle formation, price will break in the direction of the larger trend - in this case down)But then.... after the dumping... RSI levels we're low and one would have speculated a bounce of some sort...I'd always say... TRUST THE TECHNICALS and GO WITH THE TREND!!
Re: XAO Analysis
Geeze... what a night of sheer panic and excitiment!
since the compression of the trading range, one would had to have a guess at which way it would break... up was what most of us were hoping for... but Technicals said down was the more likely scenario... (ie symetrical triangle formation, price will break in the direction of the larger trend - in this case down)
But then.... after the dumping... RSI levels we're low and one would have speculated a bounce of some sort...
I'd always say... TRUST THE TECHNICALS and GO WITH THE TREND!!
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