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Hi, with ref to post below, if converse is true would now be the right time to go long on TRU?

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Pots
Contributor
On Jan12 Sponono posted:- " William J. Oneil quotation "...you should sell if a stock hits its upper channel line after a huge run-up. (on a stock chart, channel lines are somewhat parallel lines drawn by connecting the lows of the price pattern with one straight line and then connecting the highs made over several months with another straight line). Studies show that stocks surging above their upper channel lines should be sold" http://tinypic.com/view.php?pic=6zy3vb&s=6 "
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sponono
Super Contributor
I dont know if the converse is true, sorry.
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