Rcks - I also am still Bullish. Today the Daily Phase I closed 20 points up from the projected low. I believe it's not very likely that we will get the projected low, but we may get a bit closer. It was a big relief when the Weekly hit the UTL the 1st hour of trading this morning. So that means the earliest the Weekly can confirm a Phase I is May 27th. A normal Weekly Phase I doesn't drop below the UTL two weeks before. Not to say it can't happen, I would have to check when the last time that did if it has ever happened. At the closing the 60 min RSI(6) remained below the 30 level so that kept me out of a buy. Hopefully in the morning the price will drop and then rebound and I get my last buy position, and then the 60 min goes to Phase II and then the DAily goes to Phase II and then the Weekly goes back above the weekly UTL. That would make me happy.
Since I have one post remaining I will be saving it for the consolidated Daily reports that I will post this evening.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
