Tuesday, February 24, 2009

Bull - Bear Battleground - 10 Day Bear Potato is Challenged
2D, 10m. - Feb. 24 - Todays trend was up after 10 days of decline in market.  Seen above in Gold Spots are two double tops and bottoms signaling reversals.
5 D, 30 m. - Feb. 24 - Bullish trend for a change.  Confirmation required on 60m. chart.
10D, 60m. - Feb.24. - The Bear is challenged.  The candle closes over the 10 Day MA but the 10/30 have not yet crossed over.
6M, Daily - Feb. 24 - Nov. lows are challenged and hold at this point.  Fibonacci retracements are shown based on recent high/lows.  Tomorrow will be important to see if there can be bullish follow through to the upside.

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