Bumi Resources Tbk (id;BUMI) 07 November 2009 By Bill Williams, Ph.D. C.T.A. Profitunity Trading Group (409) 945-8880 - p...@phoenix.net
Alligator: Price is in the alligator's mouth! Zone: Red Zone Awesome Oscillator (AO): Decreasing Accelerator (AC): Decreasing Open: 2.200,00 High: 2.450,00 Low: 2.175,00 Close: 2.300,00 Alligator Jaw: 2.232,31 Alligator Teeth: 2.718,15 Alligator Lips: 2.952,78 Close is Inside the Alligator which means that the market is near to being balanced and the price might move in either direction. The AO is Decreasing (Red AO bar) which means that the momentum is downward. The AC is Decreasing (Red AC bar) which means that the downward momentum is accelerating. With both the AO and AC decreasing the Price Bar should also be Red. In this situation we wait until the price begins to follow the momentum, which is indicated by the price moving outside the Red Line (Alligator's Teeth) on the Price Chart. Be patient and wait for the price to move along with the momentum continuing downward.
