big sell order going thru, page-5

I dont want to be accused of posting only bullish charts all the time here

but as I see it now the trend has changed (which wont bother any longtermers hopefully).

many many trendchange signals
1 trendline break
2 200 day moving average
3 very bearish wkly MACD
4 back below previous long term resistance 17-18

but the strongest one I can see is the failure of this multi moving average ribbon over the last month(combined with the weekly MACD)the ribbons failure to cross each other is knows as the "Kiss of death" in TA speak

and now it appears very longtermers(blue averages) and traders(yellow averages) alike, are lined up to sell.(for the 1st time in over a year. there may still be a bounce back up to the underside of the long term trendline.around 19-20

A good story must have a good trend as well.

So as not to offend anyone further, I`ll say no more on it