Originally Posted by
Phaedrus
What buy signal is that? Are you possibly referring to the trendline break of some weeks ago? Those that bought then would now be well in profit, but let's take a closer look at that signal. While there was a clear break of a trendline that had held for 3 years, the signal lacked confirmation - there was no OBV uptrend such as would indicate a significant change in market sentiment.
Nah. It takes volume to excite a techie. No volume, no excitement. Look at the histogram along the bottom of the chart. Remember that it takes volume to confirm a trend. This is evidence of a weak uptrend.