AI
Monday, November 16, 2009 9:38:38 AM
CYSG 3 month daily.
Great improvement here and we should break out this week of a long downtrend. You can see more clearly the descending wedge we have been riding through. To me it looks like we have hit bottom 2 times with 2 attempts at breaking suppot. The first was the red hammer, piercing bottom, followed by a move back up to the top. Note it fails to break the 100ma. Next is a long shadowed Doji. It pierces resistance and the 100ma but they cannot get it to close below either. The descending wedge is running out of room. We are being squeezed by the 100ma(support) and the 10ma(resistance). The 10ma as you can see has been resistance for a very long time now. Resistance has now met true support and something has to give this week. There was no support as the PPS crashed through the 10, 20, and 50. We now have what appears to be support at the 50. it's crunch time folks. Do or die, sink or swim because losing this support means the 200 sitting in trip 0's. Another notable thing is for the first time throughout, the PPS pierced the bottom bollie recently. We absolutely must break the 10ma.
MACD is finally showing signs of strength. The histogram is making it's way back to 0. The trend lines look like they want to cross.
ADX is TIGHT folks and when it starts to expand should signal a new uptrend. Rest of the techs are flat but IMO should improve this week. :)
Could be a good week for Cape.
Great improvement here and we should break out this week of a long downtrend. You can see more clearly the descending wedge we have been riding through. To me it looks like we have hit bottom 2 times with 2 attempts at breaking suppot. The first was the red hammer, piercing bottom, followed by a move back up to the top. Note it fails to break the 100ma. Next is a long shadowed Doji. It pierces resistance and the 100ma but they cannot get it to close below either. The descending wedge is running out of room. We are being squeezed by the 100ma(support) and the 10ma(resistance). The 10ma as you can see has been resistance for a very long time now. Resistance has now met true support and something has to give this week. There was no support as the PPS crashed through the 10, 20, and 50. We now have what appears to be support at the 50. it's crunch time folks. Do or die, sink or swim because losing this support means the 200 sitting in trip 0's. Another notable thing is for the first time throughout, the PPS pierced the bottom bollie recently. We absolutely must break the 10ma.
MACD is finally showing signs of strength. The histogram is making it's way back to 0. The trend lines look like they want to cross.
ADX is TIGHT folks and when it starts to expand should signal a new uptrend. Rest of the techs are flat but IMO should improve this week. :)
Could be a good week for Cape.
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