Hey guys posting up some charts that were requested earlier. Would put them on the "why the drop" thread but for some reason it is only displaying the first post (and yes I have thread view selected thanks).
Daily![]()
*MACD-signal crossed down, bearish.
*Stochastic still in uptrend (for now)
*Respecting pitchfork.
At pretty important level. Watch the stochastic for breach of uptrend. Watch tomorrow's close, must be 0.059 or above. Watch MACD-signal, at 0.0001, giving me the most worry.
Daily Zoomed In![]()
To give a closer look.
Weekly
![]()
While it isn't Friday yet this is still shaping up nicely.
*Respecting pitchfork support.
*MACD-signal still increasing (although slowed).
*Tomorrow will tell if we have a bounce on the stochastic.
*Low volume for a down week. Good.
To be honest the weekly is the reason I didn't sell at 0.066 during this week. If you look at the rally of 06-07, you will see some red weeks, but the weekly remained fairly bullish. I don't like to give fundamentals too much credit, as you are never hearing the full story unless you're inside. However, I do like Gus saying to expect news on a bi-weekly basis (or something like that).
Won't comment on entry points cos I don't want this TOU'd for advice. And I'm definitely not typing this bugger up again. Watch it tomorrow, but barring WWIII or -3% on Dow I think it should be fine.
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Hey guys posting up some charts that were requested earlier....
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