weekend charting 8th jan 2010, page-81

emanuel (TOE),

Sounds a bit urgent there emanuel! This is how I draw Torro over 3 years of the daily. If you notice, all the forks are pointing down. The next chart is a zoom to 6 months.



The green fork is the current ST trend and it is still pointing down, but price may be about to enter the top channel.

The emas are 8 (green), 34(gold), 41(pink), 195(black). The stoch looks like it is turning over, and there looks to be impending resistance from both the green ML and the ema195. There are also a whole bunch of other lines in the immediate overhead area.

I am not sure what evidence you see for a bullish view, unless it's the weekly stoch (but that stayed oversold for months last time). The ema 8 is positioned for a cross up, but it has not done it yet. Maybe I am missing something?