Monday, August 31, 2009

"Don't Fence Me In!"

The Range Bound Market will not Last. It is just a matter of time. Techincal favor a move to the downside but the Bulls have a way of fighting back with vigor.
10 Day, 60 min. - Aug. 31 - No Breakout from Range Bound Box as yet.
3 Month, Daily - Aug. 31 - Intermediate Term Bullish. Box intact.
1 Year, Weekly - Aug. 31 - Long Term Bullish Trend.

Pending Range Bound Box Breakout?

A Waiting Game as Something has to Give! Which Way Does the Ball Bounce?
20 Day, 2 Hour - Aug. 28 - 6 Day Range Bound Market Begs for Relief.
10 Day, 60 min. - Aug. 28 - Market is Bouncing Between Resistance and Support. Take your Choice on Up or Down.