AI
Friday, June 16, 2006 11:24:31 PM
Another observation on the chart is that today's candle is a Dragonfly Doji which normally appears at turning points.
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(Repost)
Chart RSHN
The uptrend may have started on the 14th, where we see (hopefully) the trend of higher lows. Also note by the CMF that the buying pressure may have started in earnest as early as the 12th. On the 12th we had a Doji candlestick which can represent the tug of war indecision between buyers and sellers. This also corresponds to the CMF going positive on that day. On the 14th we had a 'spinning top' candle, also representing indicision, but as you can see the CMF has already started it's upward buying pressure and the PPS is following. Combine that with a gradually more enthusiastic Aroon, RSI pushing 40 and MACD about to cross zero into the positive and....well... I think our turn is here. In my opinion of course.
-----------------------------------------------------------
(Repost)
Chart RSHN
The uptrend may have started on the 14th, where we see (hopefully) the trend of higher lows. Also note by the CMF that the buying pressure may have started in earnest as early as the 12th. On the 12th we had a Doji candlestick which can represent the tug of war indecision between buyers and sellers. This also corresponds to the CMF going positive on that day. On the 14th we had a 'spinning top' candle, also representing indicision, but as you can see the CMF has already started it's upward buying pressure and the PPS is following. Combine that with a gradually more enthusiastic Aroon, RSI pushing 40 and MACD about to cross zero into the positive and....well... I think our turn is here. In my opinion of course.
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