Technical thread getting too long, I've taken the liberty of...

Technical thread getting too long, I've taken the liberty of opening a new one.

Just observing the weekly chart for this week.
Unfortunately weakened somewhat since the previous one, but hopefully improves soon.

Linear Regression no good.
Momentum indicator in overbought condition (at bullish territory)
Money flow still no good atm..
Rate of change appears overbought
Rsi overbought (ie. weekly chart)
Trix overbought
Vroc appears bearish (but perhaps ok on daily chart)
Macd bullish territory, though some indication of short term decline over next few weeks is possible.
Volume appears to be trending lower (bearish)

Obv maybe some indication of a rise, though trending down atm..
Parabolic is long although showing some evidence of weakening in the uptrend
(it's short on the daily chart though)
Accum/Distribution perhaps looks ok as it does not accompany a similar move to a five week new high. (as does obv)
Adx rising (but falling on daily chart)


Daily chart generally still sux atm unfortunately.

Btw, me still don't favor the taunting presence of that open gap. (7.5)

If the sp should rise next week, I'd prefer to see it plough through the low 9's for a relatively stronger weekly chart.

But all just opinion...

GLTE