Thursday, June 4, 2009

The Smoke is Up! Where do we go from here?

There is a lot of Alladin's Lamp in this Market.
5D, 15m. - Jun. 4 - Back to Basics with  Double Bottoms showing reversal points.
30D, 2 Hour - Jun 4 - The Channel Trend remains Bullish.
3 Month, Daily - Jun. 4 - The Trend is Up.  The Trend is Our Friend.  Do not disregard the evidence.

Bull Run Continues with a Pause for Breath

Bull Run Since March 6th. Continues with Occasional Pull Backs for Rest
5D, 15m. - Jun 3 - Falling Window with Gap Down and a Closing Rally.  Trend remains up in spite of occasional sell offs.
30 Day, 2 Hour - Jun 3 - The Run continues with a Pause for Refreshment.
3 Month, Daily - Jun 3 - Bull run since March 6th. cannot be denied.  Close above the 200 Day Moving Average very Bullish if it holds up.