weekly chart with notes, page-8

Whitecat,

I could have put it a bit better. In terms of declining risk.

1. The price has broken the downhill trendline on increasing volume. The problem with a trendline break is where do you place a trendline. If you use this in combination with waiting until the Moving Averages start turning upwards it may have kept you out of trouble.

2. The green Thingo crosses the red Doovelacky. This is one of the favorites of many authors.

3. The 21 day Initial High has been broken. A pretty reliable signal but again not perfect look back at February.

4. The Moving Averages have crossed and are moving upwards. It wouldn't have got you into too much problems in the last 6 months with only one successful buy signal in March and hopefully another today or tomorrow.

All the above have to be on decent or rising volume.

Madmacs, Haspete, SheToldMeToSell and others are much better at this than me. I just try to keep things simple and try to blend this with my quirky charts to get some of the fundamental feel.

Cheers Bungi2.