Hey Shaw, I'll post a chart to my site later. For now,
last night I was calling it a cautious hold.
On yesterday's chart the Stochastic was getting high
but the DMI lines looked like they could go either way.
Today,
stockcharts.com[w,a]daclyimy[dc][pb10!b50!b200!h.02,.20][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]
+DI has crossed the -DI. This is usually a bullish sign.
Stochastic is getting higher and entering the overbought zone.
Question is, will the ADX line turn up, indicating the start of a new trend, and making the MACD, the more reliable indicator?
If this happens, the chart will look quite bullish, IMO.
If not, we could see a retracement.
My opinion, and five bucks, will usually buy you a beer in most bars in Canada.
So take it for what it's worth.
Cush |
