chart can assist

I am on a roll today. So at the risk of over contibuting I thought I'd have a look at these charts. These are simple, because I am.

The EMA is an exponential moving average of the sp. It is measured over different time periods and forms a trend. Here...
Red=the 20 day EMA
Green=the 50 day EMA
Black=the 100 day EMA and
Yellow= the 200day EMA

The first represents EDE's sp movement for up to 5 years.

http://finance.yahoo.com/q/ta?s=EDE.AX&t=5y&l=on&z=l&q=c&p=e20,e50,e100,e200&a=&c=


This represents the last 3 months of the same.

http://finance.yahoo.com/q/ta?s=EDE.AX&t=3m&l=on&z=l&q=c&p=e20,e50,e100,e200&a=&c=


What is clear is that the 200day EMA has began to rise in a curve. Likewise the 100day, 50day and 20day EMA's are all rising. significance can be drwan from the trends to cross over upwards by the shorter periods as recorded.

THE 200 DAY EMA HAS NOT RISEN SINCE BEFORE AUGUST 2007, UNTIL NOW.

That is encouraging, because this 200 day EMA is far from short term/ knee-jerk conclusions, just as the shorter terms give a more immediate indication of interest.

I know I should have better things to do on a Sat arvo, but I reckon that is worth a celebratory wine or two!