Tuesday, February 13, 2007

10/60 SMA Crosses NWACQ

Muddy was watching NWACQ this week. LOL, he has been stalking it since it headed south, waiting for the reversal. Up nice this week.

I took a picture of the chart on Monday, 02/12. See the quiet volume and price before the 10/60 cross on BIG volume. Then it takes off. Nice cross with volume.

Now look at the NWACQ chart from last month. Yes, it made a 10/60 cross, but no volume to confirm. Huge volume on the selloff earlier, but not on the cross. Not a play here just because it made a cross.