Replies to post #2597 on Simple TA by Wizetradr

[Transat 5]

Interesting little cycle seems to occur at the end of the last few months Doc.
Sell off at the end of each month ( meeting the payroll?) followed by a rapid climb back up to higher highs.
Coincidence or a pattern developing?

Whatever - glad to see you have a winner after the dissappointment of that we do not mention.

[villas]

doctorS, JMO, LTHU, if you look at the 2 year weekly you will see that the 5 is still in a down turn, has crossed below the 10 and is equal to the 20. The 10 does not have any upward strength at the moment, this to me is a classic indication of the beginning of a downtrend. For this to change it really needs at least a week at or above the 15 cent level. The 6 month daily has pretty well spent it's time in a 12/13 channel or broken below it. Currently the six month 20(daily) is headed down, not a good indication. Mac, CMF and RSI have all been in a downtrend since mid to late Sept.
Personally I would not put money on this before the 2 year weekly shows signs of improvement.
Best of luck.