charting the festive season..., page-112

erichmj, Johnny, Ewob

Looking at the last two months in a daily chart it appears to be getting a little too hot now with the RSI at 74.3

The Bollies are widening nicely but we have even broken above the top Bollie line also which adds more weight to being overbought right now and the WMA is way below us.
MACD lines have well and truly crossed and are also into positive territory.

We are going to need an ANN tomorrow for it to continue it's upward swing but if not then it needs to come back a little to cool it's heals so to speak.

Please let me know if you differ as I'm still learning and this is my first posting of a chart - albeit a basic one. Not sure how to use trend lines yet as I'm still trying to learn where to place them - what do you think?? am I on the right track or should I start again and go read some more??