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Re: dougwur post# 59464

Thursday, 04/26/2012 3:22:10 PM

Thursday, April 26, 2012 3:22:10 PM

Post# of 146457
Need to close above the median inside the the long channel. The current spread and support is already below the lower boundary of the 6 day weak channel formed from recent trading. So, short-term trend broke down today and the close needs to stay above the rising daily bottom tails. Ideally, the close should be above .62 so it remains inside that short-term rising channel and the median.

Candlestick wise, the chart had been ugly and now re-continues ugly.


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