Macie,
Agree, at first glance the chart looks hideous but if you look at some of the indicators I'm watching then it is possible to see the early signs of a reversal. If she can have a couple more nice greens this week we may see a MACD crossover. Also looking at the ADX and DMI I see the DMI- still dominant but both DMI- and DMI+ have turned and are converging, and maybe heading for a crossover. The ADX line is not too high and has been reasonably flat the last six weeks, indicating a weakish trend IMO.
I certainly wouldn't buy on the chart indicators currently, this is just a very optimistic view of the indicators I watch, but in saying that I think the chart has the potential to turn from bearish to bullish very quickly.
Macie,Agree, at first glance the chart looks hideous but if you...
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