Monday, June 05, 2006 10:11:17 AM
2 charts below
I drew my downtrend line a little different than yours frank. Although not "technically" correct, looking at the 6 mo daily this way, the downtrend line broke and a support range has been tested once. Might be trying to see something that isn't there. LOL
On the weekly, wm %r and RSI have crossed out of oversold and other indicators starting a turn. Both charts show resistance in the 1.70 range. Volume decreasing over the 3 wk "uptrend" not good though.
This week will certainly help to paint the picture. What color will we use?
I drew my downtrend line a little different than yours frank. Although not "technically" correct, looking at the 6 mo daily this way, the downtrend line broke and a support range has been tested once. Might be trying to see something that isn't there. LOL
On the weekly, wm %r and RSI have crossed out of oversold and other indicators starting a turn. Both charts show resistance in the 1.70 range. Volume decreasing over the 3 wk "uptrend" not good though.
This week will certainly help to paint the picture. What color will we use?
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