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Author Message  smallworld Member Username: smallworld Post Number: 456 Registered: 01-2004 Rating: N/A Votes: 0 Saturday, June 10, 2006 - 03:41 pm:     Can people provide some TA on this chart?  davkell Member Username: davkell Post Number: 439 Registered: 07-2004 Rating: N/A Votes: 0 Saturday, June 10, 2006 - 10:40 pm:     Double Top May/June, broken the neckline so a short trade could have been taken. Possible downwards move to 30 which seems to be a line of support previously. If 30 broken, look for 24 to be a line of support based on it being previous resistance. PS: I don't normally use support/resistance, but they just seemed to jump out on this line chart. "Trade Your Way To Financial Freedom" - Van K Tharp "Manage the downside; the upside will take care of itself" - Donald Trump  brumby Member Username: brumby Post Number: 4 Registered: 01-2003 Rating: N/A Votes: 0 Sunday, June 11, 2006 - 02:49 pm:     It has done a 90 days move from March/April and typically a 30 to 45 days correction is the normal reaction. There is clearly an imbalance in price and maybe in time from previous corrections (difficult to read off the chart). This would suggest a potential change in trend but the technicals (break in pivot points) are not strong enough to suggest that as a consolidation is still a possibility (for distribution). The uptrend is still on a strong Gann angle. The small double top is too close apart in time to suggest a clean pattern. There is divergence with the orange line (whatever that is) which would suggest at best uncertainty to the uptrend. The real clue will be how any future rally behaves as to whether they are counter trends. Any short will be dependent on that for determining positioning and risk reward. Cheers, Brumby  smallworld Member Username: smallworld Post Number: 491 Registered: 01-2004 Rating: N/A Votes: 0 Friday, September 08, 2006 - 04:50 pm:     Thanks guys for your analysis last time. its been 3 months, I've got an update for you. Some of the comments were spot on. Would someone provides some TA one this please?

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