Wednesday, November 14, 2012

NYMO and NAMO with Bollinger Bands

$NYMO - Chart Link - price spiked below the Bollinger Bands on both the NYMO and NAMO, so it's something to take note of as spikes below the Bollinger Bands can sometimes market short term or tradeable bottoms.  

However these can be early and clearly the market index charts still do not look good, just pointing out these indicators for now as we are getting oversold in the short term.

$NAMO - Chart Link

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