AI
Tuesday, January 04, 2011 12:20:27 PM
I think your chart is very interesting, but my take is more bullish than yours.
The 300-day MA has been coming down quite sharply -- and it has been strong resistance. Over and over we have run up to it, only to fall back down.
In mid-December, that resistance was finally broken. Broken resistance often becomes support, and indeed we have now tested back down and that support has held.
I believe the next move is up.
Wadi
The 300-day MA has been coming down quite sharply -- and it has been strong resistance. Over and over we have run up to it, only to fall back down.
In mid-December, that resistance was finally broken. Broken resistance often becomes support, and indeed we have now tested back down and that support has held.
I believe the next move is up.
Wadi
