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chart, page-6

  1. 11,531 Posts.
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    I'll do my best to try and post this chart that I believe follows FA analysis quite closely. yes, mixing and matching a bit of TA with FA over the last 6 months which we would have to agree is the turnaround.

    The strong trend channel was broken to the upside on the BIG Day and that trajectory continued only the new bottoms coming off the old top of the channel.

    Bit over bought..? .maybe....

    However, along comes Greece woes and there we go shifted back down into the original trend channel of which we are hitting the bottom side of today at 0.025.

    Best I can come up with, however there are plenty more chartists out there and most likely more skilled than me. But we all see in a chart differently, but trends are trends. This short term down trend courtesy of greece (IMHO) needs to be arrested very soon and remain in the original trunaround channel.


 
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