For you Semillion.These are but a few indicators that I use....

For you Semillion.
These are but a few indicators that I use. Chart wass cleaned up a bit and simplified for this post.
Of course other significant indicators are applied to my charts. Combined with those indicators, this WEEKLY chart of Stochastics and Connors RSI becomes relevant and complimaentary to them.
I don't reveal all of my settings and indicator values, but these ones will be obvious to you seeing as you know how to read charts.
I did this chart up last night and noted the pennant breakout occurred last week of trading and was going to be confirmed this week (or not).
It turns out that we have confirmation, after two days of trading in this weeks candlestick body. As the week goes on we will see how strong of a signal it is, which will also determine how likely the Stochastics are going to stay above that all important line, simultaneous to the CRSI staying in the low range. If both of those things happen we should remain in the 30's and develop a new support base. A new support base will be a very strong signal for the continuation of the 8 Week Hold period that Institutions are going by right now.
I do expect 10 to 13% swings on the odd day, which are going to be the practical market tests of any new support and resistance prices.
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