weekend charting 8th jan 2010, page-110

donncham01,

I notice your chart goes from 30 Oct 2009, so I have my data from the beginning of Sept, but I have used 2 hour bars.

I have put in some frames around price which look like they might make sense, and the ema8/34. The 2Hr stoch has curled over indicating you might be in for a little retrace back to the ema34 or the green support tyne.

I would be looking at the red resistance tine as a target and the green ML after that. The SLOW stoch had a higher low last time, so I would be looking for a rally to begin off that trend line.

I think your yellow rising trend line might be just a tad ambitious.