Thursday, June 12, 2008

Analysis

d
-Most indicators bearish and position is oversold
-Resting on 61.8% currently.
-may need to exit 1st and then wait for green LSMA.

m
-Currently at top of Bollinger
-CCI at extremes and position currently overbought
-El OSC and MACD both have +ve bias
-overall very good chart.

c
-Red sea crossing. price now at bottom of bollinger and approaching EMA.
-IFT , El Osc and MACD all have bearish bias.