Had some time so decided to throw up charts of what I was...

Had some time so decided to throw up charts of what I was refering to in the text.

First, 6 year chart showing 200 day sma as well as a trend line between the 3 declines I am refering to.


Note that even the predecessor to climb 1 is a low/higher low combo.

In each climb we have some sideways periods, more prenounced in the last climb but this is not a surprise given the length of time.

Zoom in on decline 1 - Note the start of our linked trend line as well.


Zoom in on Decline 2 - note trend line hits intra-day low for higher low period.


Zoom in on Decline 3 - note we get a perfect touch on our trend line with the intra-day low for the higher low period.


Main concern is the early breaks of the 200 day sma for decline 3, oh and the fact that we still have a long way to go before we beat our high of 42.33 way back on May 15 2008 and get to call this an uptrend :)

As stated in original post this may be complete bogus but I have enjoyed looking at it and even manged to get my first thumbs up with text description which encouraged me to post this chart version.