Tuesday, September 29, 2009

Sidewinder Crawl to the East!

I don't always move in a straight line. Better watch out for my next move. It might be quick.
2 Day, 10 min - Sep. 29 - Lots of energy being stored up for a Breakout Move.
20 Day, 2 Hour - Sep. 29 - Bullish Channel Trend with bounce off of support.
3 Month, Daily - Sep. 29 - Bullish Trend Channel. RSI, CCI bounce to upside is a Bullish indication of more to come.
1 Year, Weekly - Sep. 29 - Bullish Trend Channel in force. Note the progressive decline in volume over a one year period of time. There is just less participation in the market as the economy struggles along.