Wednesday, September 13, 2006 7:08:08 PM
Update PBLS
If you follow the links back you will read that i have been charting a new pattern. This pattern is now coming to a fork in the road, it either follows the pattern or breaks the pattern, we'll see tomorrow.
The pattern i am tracking is nearly identical. Again, i wouldn't hold my breath on this.
PPS - On the price chart you will see two heavy black lines underscoring the patterns. 11 days of almost all red candles from the spikes on both patterns. Then a positive day. We need another up day to continue the pattern. You can see they are nearly identical.
Stochs - Crossed to the upside today. Same as before.
RSI - Bottomed out in Aug. and has been gaining strength since. Pattern is the same as before with RSI starting to turn up today.
MACD - Also bottomed in Aug. and is moving back up.
M/F - Still sucking wind.
ADX - Very similar with all lines converging at the same time.
A/D - Still sucking wind, but looks like it could swing back up.
If the pattern holds we could get back to .03, Again don't hold your breath but it is a possibility.
6 month chart
If you follow the links back you will read that i have been charting a new pattern. This pattern is now coming to a fork in the road, it either follows the pattern or breaks the pattern, we'll see tomorrow.
The pattern i am tracking is nearly identical. Again, i wouldn't hold my breath on this.
PPS - On the price chart you will see two heavy black lines underscoring the patterns. 11 days of almost all red candles from the spikes on both patterns. Then a positive day. We need another up day to continue the pattern. You can see they are nearly identical.
Stochs - Crossed to the upside today. Same as before.
RSI - Bottomed out in Aug. and has been gaining strength since. Pattern is the same as before with RSI starting to turn up today.
MACD - Also bottomed in Aug. and is moving back up.
M/F - Still sucking wind.
ADX - Very similar with all lines converging at the same time.
A/D - Still sucking wind, but looks like it could swing back up.
If the pattern holds we could get back to .03, Again don't hold your breath but it is a possibility.
6 month chart
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