The New CS Board

[sharpshorts]

I'm thinking this thing will continue to go up until the world REALLY comes to an end...or at least
the news media presents it that way...So no, I'm not thinking double top...
Remember, my T/A is nearly always biased to the upside, I don't see or know bear signals even half as well as I pretend to know bull-stuff.

Disclaimers aside, here goes:

We have already reached a near perfect double top on the daily (July-November)
and the continuous contract weekly fell out of it's multi year channel but has almost recovered it all back.
Troubling is the stochastic into over-bought on both charts and hooking down on the longer term...Bearish
The shorter term chart has the trend (MACD EMAs) crossed down and dropping (bearish)
while the longer term has them crossed up and rising (bullish).


In my T/A book, the MACD trends cancel each other out which leaves us with the two negative stochastic signals.
Being much shorter term signals they can only turn things short term..although they can turn on a dime and give change.

So I'm going with the weekly longer term chart, new highs and all that... I think we still have many months of up left.
It may be years before something goes so terribly wrong that there will be
no way that ANYBODY can deny or excuse it away.