weekend charting 8th jan 2010, page-84

ralom (MAT)

this is 3 years of a chart which I already had drawn.



and the second chart is 6 months zoomed. The Ema lines are the same as last post. As you can see it has broken up. Generally the break will be limited 1 channel higher. In this case count the number of cents in the channel and add it to that sliding parallel.

Looking at the ema situation, price has gapped well above 8, so it will probably wait there for 8 to catch up, and I would expect that it will consolidate the for 34 to catch 8 (as has happened before). This is quite a good example of why I use ema8/34, although it is Index charts where it really shines.