hit a ceiling?, page-4

Not even a double top - until it breaks down below the neckline at 2.30. Double top can't be defined until it is completed.

It could be an ascending triangle in the making too - depends on how you look at it. It just needs to nudge that 2.60 mark 2 or 3 more times, but with higher lows each time, and we'd have the perfect ascending triangle.

Nope - my charts, daily, weekly and monthly - show an intact uptrend. The resistance, if any, would be the highs of the double top back in April and October of 2007, when it, along with the rest of the market, fell over. Those highs are around 2.65 - 2.70, and with the current momentum, once it breaks above that, it's onwards and upwards.

My guess is for an ascending triangle at the current levels, with a few more nudges at the 2.60-2.70 level, then continuing on its merry way upwards. Ascending triangles are usually continuation patterns.

But, as always, DYOR, and remember that we can only trade the right hand edge of the chart :)