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Sterling say cash flow will increase by 400% in 2006

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maximoney1 - Wed, 03 Jan 07 :

Thus far, i see todays price action as quite positive, although a lot depends on the closing mid price...imo.
The bears done a bit of testing early on, but the support response pushed the price back above the 50 and 20dayema's....so as long as price consolidates above the 20dayema, i'm quite happy meantime. Unless there is exceptional news, the sp will need to consolidate before the push thro the 200dayema. The overhead downtrend pattern resistance is well busted, however, i believe (popular opinion)one could still argue that until price action is above the 200dayema, then it is still technically in a downtrend.


edit...acamas...hadn't seen your post when i typed the above.
I'm afraid i'm rather cynical, in that to me there appears to be to much going for this company, for the price action to be where it is, but i did note the increased holdings of institutions over the preceding months...how convenient...sometimes a good indicator of whats round the corner.


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