Originally Posted by ramcalgaryr
Canadian tv channel remember its new so some of the programming is not great but it is worth it if you can get it
It appears to me that the stock has been sideways traded for the last 60 days and especially near closing. With that said, I worked with the charts a little today based upon a 60 day cycle. Specifically, the CCI, CMF, & the OBV were used. Setting the CCI at 20 renders perfectly for a 60 day reading and setting the CMF like wise, we can get a 60 day non trend cumulative buy/sell indication.
Why 60? Well the OBV tells us basically what we already know and that is the majority of share-holders are holding right now and it has been basically even for two months.
So anytime the CMF is above zero that indicates buying pressure, especially when the indicator is above zero over an 8-9 week period. Next The CCI is just eeking above the -100 and into the neutral area of holding. Anything between -100 and +100 is the 'hold' area. Then we have OBV which clearly tells us we've been flat for 60 days. :bigeyes:
This is simply my best guess, as to whats happening at the bottom. What will it take to turn BKMP around? Significant News.....but for now......I believe its the brokerages/MMs playing with the 10,000:1 PFDs.
I noticed today Fightplus is still down for maintenance, with the 'We'll be right back ASAP' reminder still there. I also found out today that Fightplus has already cooperated with an Aussie network to broadcast an MMA event as well. Therefore, it will not surprise me if TFN first goes to Europe (France, Scandinavia, & UK) and then to follow Australia/USA. Thats my best guess at this time, while we wile away the hours.....
The Fight Network :: ALL FIGHTS ALL THE TIME :: Get it on!