Replies to post #546 on GiraSolar Inc. (fka GRSR)

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Sure, here are your charts:

Sure Grock, here you go:

First here's a weekly chart of crude oil: Today was a bad day as you know for oil. The US Dollar rallied strongly, which is what caused the big drop in commodities, but I'll go over this further below. Anyway, crude broke a weekly uptrend line today going all the way back to late 2001, which was major support and is bearish. HOWEVER, keep in mind that this is a weekly chart, which means that it takes a week for each candlestick to form.

Therefore the way this candlestick and weekly oil chart looks on Friday is what's really imporant. Here's the chart: Also, there appears to be a horizontal support near about $55

http://tinyurl.com/y8gj8x

Next, the US Dollar rallied today strongly, which is what is causing all this washout in commodity stocks. Here's a chart of the US Dollar. Notice that the Dollar has broken an uptrend line. This broken uptrend line is now major resistance.

Therefore, here's how I think it might all play out: The Dollar rallies just a little more but tops out at or near the broken uptrend line - it will be near the broken uptrend line where the Dollar tops out that commodities such as crude oil will finally bottom. Here's a chart:

http://tinyurl.com/t35rk

Here's a daily chart to show you better detail:

http://tinyurl.com/y5antg