Thursday, March 10, 2011 3:08:18 PM
eventually, and the sooner the better, volume returns giving a better indication as to where pps will go. i believe there is one more line to cross over the next week or so, need to check a chart, as our final resistance channel. please note this does not include price level resistances which we all know very well. the key is ending this week at 4+. doing so gives good indication the final resistance will break. we may see another lull but the next move, or continuation, should move much easier.
pretty much it sets the stage for news, or is a pre-cursor most times. if we saw large sells now putting us back under the channel that would be bad. this is good. shows life.
will update again when we are near the line or if volume continues as otherwise updates do not mean much.
My charts are my own. Any numbers or timing are based on my interpretations of what I consider to be the most likely price movement. My interpretations can be wrong, it is always best to do your own charting.
Anything else I post is purely opinion
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