gregmaster
If anyone could see a breakout, all any TA indicator can do is indicate. The market (some times market makers, LOL) create the PPs.
With TA a trader can look short term; a day or two, mid term; a week or two and long term; a month or two. Investors look a year or two.
TA is used to determine possible targets, not actual ones.
If you look at the chart I just posted, you'll see the distance the green DMI+ line, has to go to reach the black ADX line. The time it will take the lines to meet, is the variable! So IMO because of the indicators I see on that chart the bottom has not been reached. If the indicators showed a possible run up, the same would hold.
TA is not the answer, just away to understand the question!
http://www.investorshub.com/boards/board.asp?board_id=3972 Welcome to my mind! 
