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Re: mixerrj post# 58062

Friday, 02/18/2011 7:31:56 AM

Friday, February 18, 2011 7:31:56 AM

Post# of 371916
We have formed a cup and handle... we have broken out of previous channel. We have completed a bullish cross of the 50 ma over the 200 day ma.... we have consolidated... average volume is up.... accumulation has been constantly rising... 50 ma has started to catch up with current pps which gives the PPS an underlying strength and support... short term PPS puts all MA's in a bullish condition... BB's have tightened.... we have an ADX converging ready to cross.... Macd made a nice curl...

from a charting perspective... it doesn't get much better than this... and yes, I have said the chart looks great because it did and still does.... a good looking chart isn't a chart that goes up everyday... its one that develops strength and support by making a move and coming back to key levels of support which induces buying and not selling.... Consolidation is a charts best friend.... Longer more sustainable moves when you have a healthy chart....


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