Tuesday, November 24, 2009

HESG - Spinning Top Could Be Confirming Reversal

Today's price action for HESG might very well reveal a new trend change.  The Guru is not much of a technical analyst as far as charting is concerned.  But a very recognizable candle was painted today on the chart - a spinning top.  Usually this is  a neutral position representing a tug of war between the bulls and the bears, but when faced with either a large gain or a large decline a spinning top will dictate a possible trend change.

Let's see what tomorrow brings.  I feel like a run from here into the weekend would send HESG orbital.


3 comments:

Anonymous said...

I Agree!!

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Anonymous said...

REVERSAL INDEED! This is the one to hold on to... should test it's previous highs in next 2 weeks