long term uptrend continues!, page-2

Hi Twin, nice optimism. Trouble is if you go back far enough most stocks are in an uptrend

Looking at the chart whilst watching the GF.

Firstly yesterday was another quiet one, very low volume again. We finished the week at 16.5 which blows the weekly support.
I've looked at support below us and feel 15.5 is strong. There was a distinct trading range between 13.5 and 15.5 until late last year. 13.5 would see that gap filled but as I've said before imo gaps are mostly filled simply because of market gyrations not specifically because there's a gap there. An example would be NAB where this is still a tiny gap remaining near $26, good luck waiting for that to fill anytime soon.
There are some positives, the last 2 days we have finished on high without any panic selling. The stoch is oversold and at the same point as it was when we dove to 14 on 9/08 and indicating at least holding here if not rising. And something else I noticed was that the bottom of that 9/08 drop on the weekly sat on the weekly 200ema. PRR has not traded below that indicator since 2009. A drop to 12 or whatever people think would take us under that and I still can't see it unless the world falls apart.
Here's the chart.