charts - 080909

Hi Guys,

Thought it's a great time for a chart update...

So my present points are:
(1) Uptrend still intact
(2) Price has increased with the macd to cross bullish indicating the pullback has finished for now.
(3) Price is testing the resistance at 2.92, a breakout will go to the next long term resistance at 3.20
(4) A double top is possible short term, so keep an eye as may be a false breakout and have another dip down (this is still an uptrend if this occurs)
(5) histogram is moving up, indicating upward pressure.

This week is a wait and see position, as 2.92 will be a test of direction short term...overall still very bullish!

Cheers,
Mike