Nutt'n but charts

[**D*A**]

A possible trend reversal, in the early stages.

Have you ever wanted to see what a stock that reverses the trend looks like? It's a process. First it breaks out of the down trend. Then it usually trades in a channel. A lot of the time, it will dip hard, then go back up and form another channel. (Inverse Head and Shoulder, the consolidation is the shoulder, the head is the dip)

There are times when it forms a rounded bottom, and there are also times when it will consolidate, then drop like a rock to another level and repeat the process.

The reason I feel this is in the early stages is mainly because of the moving aves. It broke the down trend, and today's price action is probably a result of that. MOST of the time, the moving aves will get all twisted up while the process is happening.