Thursday, September 3, 2009
NOT Canadian Surivor. YET !
Actually Wesdome makes the survivor list handily, however it nicely illustrates the mathematical phenom known as "saturation" or "embedding".
As the price severely escalates upward, it rides the Upper Bollinger Band like a rocket on rails. When the momentum fades, it will drop out of this orbit. The Blue Bars support this "Rocket on Rails" phenom, as long as the WMS%R stays in in the Green.
Faltering by the GREEN or BLUE ares indicates impending momentum loss, hence it gets ready to "Drop out of orbit". Funny as it might sound, it is not Rocket Science, but rather "Visible Math".