Tuesday, September 22, 2009

"Nothing Much Has Changed."

"I gotta bet back in the act!"
2 Day, 10 min. - Sep. 22 - The "Sleeping Tiger" made a quick dash at the rabbit but tired quickly and went back into her lair for more rest. "Resting" in consolidation creates tension and energy which when released can bring about significant movement (up or down).
20 Day, 2 Hour - Sep. 22 - Five Day line of Resistance has Formed. A Breakout above this Resistance Line could release significant energy to the upside. Retreat away from this line of confrontation would signal weakness and a tendency toward further correction to the downside.
3 Month, Daily - Sep. 22 - Bullish Trend Channel dominates this 3 Month chart. Price action is in the center of the channel. It could go either way but the trend is up.
1 Year, Weekly - Sep. 22 - Long Term Bullish Channel. MACD looks like it is due for some Red.