a chart, page-3

Short term view is still Bearish.

I didn't get the breakout I was expecting this week however I havent changed my view that this decline will be short lived.
A positive take away - Volumes are low indicating a reluctance to sell the stock down.

The Stochastic is oversold again on the short term.

The SP is tracking along below the descending trendline. We need the SP to break above this line. When we do get the next signal I expect the run to be rapid, similar to historical moves.

The MACD is back at the 0 line also indicating that the stock is close to oversold.

Negative - I still have a Bearish Crossover on the MA's and the SP is below all 3 MA's. "No entry signal yet"!

Patience is our biggest virtue - I have a few $$ lined up for the next Bullish signal, but until I get it I will wait. Confirmation of the move is important, not just buying into what you THINK is the lowest price.

Hold your faith folks, the next few months are the most important time for Sundance. I am comfortable with the thought that our patience will be rewarded.