friday finally, page-5

hmmm

well this is gonna be an interesting day...

My momentum studies on the 5 minute level are making some strong suggestions that upside today is highly possible, hourly stochastic hard into oversold territory. On the hourly, from the top on the 23rd to this morning we have apparantly traced out a three wave structure, yet to be confirmed (has to go up to confirm it)... we are toying with the 200MA on the hourly.

On the daily MACD mavs the signal line has come down to kiss the slow line...

So...

Bounce or Break?

I truly have no idea (strange huh?), but beleive that here is where we decide if we wanna go into a downtrend or not.

My signals suggest a bit of a gap down on open and then a fairly strong rally intraday from there

HOwever, it's a friday... n Friday selloff would be a logical thought in a nervous market...

Not convinced that logic works here though... bahhh analysis paralysis

;)