NEU chart, page-1948

Sorry Wasa missed this, you know I hate to let you down.

When Gmund is posting you have one of the best on HC so there's not much more for me to add. But now that I'm looking, here's what I'm seeing.

So unfortunately NEU has got itself in that nasty channel between the 8ema and lower bollie, nice for chartists as it's easy to see current momentum but difficult for holders seeing the SP falling and with no indications of it reversing. (you know I'd love to tell you if there was and I can't even make one up )

Gmund has already described the opening of the bands indicating a further falling but the only thing that I would add is that the upper bollie doesn't share the similar angle of attack as the aggressive lower one. In my experience this indicates that the fall is quite weak and as the 8ema and lower bollie get further away from the median (which acts like a magnet generally) it will get bought back. Therefore I'm predicting that this downtrend is quite weak and the bottom isn't far away.
I've circled in yellowwhat the upper band looks like if there's a big fall incoming so folks playing at home can watch for that.

If I'm way out then could you blame Gmund!



Hey is there news expected or some other announcement? Man they sold it down hard in the last hour closing just off its low for the day. Total volume for the day was 486k of which over half of that was in the final hour and 129k of that was at 12.70! Is something going on??



And to finish on some good news.
Shorts / hedges have decreased.


Cheers