let's play a short term chart in this thread. The hourly candles...

let's play a short term chart in this thread.

The hourly candles as at the start of this thread signifies the bear is losing steam indicated by small candles (1-4PM 10/09/2010).

The same is evident in a daily candle as Friday's candle appears to be a spinning top manifesting bear is losing steam starting from a falling window on 08/09/2010.

The bulls are yet to be in control. It is a stalemate at this stage.

I discussed what I observed about the 200 day moving averages in my previous post. With LT on the sides and DT/ST undecided, there will be minor changes in the the daily SP.

In the coming weeks, company announcements will allow ST/DT to trade the short term plays on $$N however LT is waiting on the side for any further confirmation on the investment potentials. The outcome of short term plays will provide LT guidelines whether to accumulate more.