weekend charting 29-01-10, page-86

Also Skim, with the RSI although it hasnt reached its "support" yet, it has broken out of this little downtrend line inside the flag which is a hint of a breakout to the upside. Again, IMO its best to give weight to the most recent action as this where the rubber has most recently hit the road and the closer you are to the true sentiment of the stock. This is the day trader coming out in me now...lol

I hope you can see what I mean on this chart: So although RSI often returns to support lines, it doesnt always and in a lot of ways, this more recent breakout should have more weight to the short term movement. So logically if the short term movement is high volume in the right places and RSI is has broken out then that hints to an upside breakout of a the pattern which is a bullish pattern. It all depends how you interpret it.