Cheers for the pretty colours Macs. I like all of the lines and...

Cheers for the pretty colours Macs. I like all of the lines and stuff.

Anyway your TA is pretty spot on and falls in line with the general comments from the previous TA thread that the triangle should be closing off at the end of this week/next and has the likelihood of breakout (up or down). Chalea is still bearish and with the overall charting outlook, who can blame him/her.


I am still optimistic, the large 600k volume and the increasing volume of the last 4-5 sessions (above 500k) seems to indicate that something is afoot and a break can happen.

Keep your stops tight and your shorts even tighter (Warwick Capper reference).