Thursday, March 18, 2010 12:53:27 PM
Is it my imagination do you guys see another bull pennant.
It's actually a continuation of the lower trendline from the last pennant.
Draw a line from the lower trendline of the first pennant and you can see that we are definitely consolidating on the lower trendline and look ready to make another move up.
BBs are still tightening and we are reaching the apex.
The Ickimoku Chart is suggesting that within +/- 4 days of March 31st, we have a good shot at braeking .0032. From there the chart would look strong and we should run over .40 and beyond.
Look at the MACD flattening out, just ready to curl up. ITRO chart is definitely a slow pattern. Which in the long run should make for a bigger move.
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