interesting week ahead, page-9

PhilW,

What you have said just highlights your "textbook" knowledge and lack of practical experience.

If you are talking about the medium term, INL is still technically in a downtrend. It would have to make a move above .21 before an uptrend is formed. Two equal highs does not confirm an uptrend.

In terms of your "RSI', have a look again. There is a bearish divergance between your two "equal" peaks.

And lastly, it is clear that the market is waiting on news to be released. Whether this news is good or bad will dictate the direction of the price movement, regardless of whatever your indicators say.

It is clear that Jaded is more knowledgable and experienced than you from his posts.

And just for your knowledge, I too have done TA courses from FINSIA, and experience will show you that things do not always follow your textbook chart patterns.