USO is close to giving an additional BUY Signal here.

http://bigcharts.mar...&mocktick=1.gif

If we don't get it today, we may on Monday... we're a hair away from breaking out on Volume today. We should see big short-covering on Monday in Asia and Europe... Stay tuned...

Edited by SemiBizz, 25 April 2008 - 01:55 PM.

I can not wait for this analysis...........thanks!

Here's one to look at ... Weekly. You can see on the weekly, even though we had a high volume pullback, characterized by the red bar... on the whole, what we have is higher high on higher volume relative to the entire bull run... that's the first part. And as you can see the high volume spike 3/21 weekly low was tested on lighter volume and off we go... In fact that pattern is a repeat of what happened in December and May also... take a close look. Now off the high volume pullback an additional quality of volume run started from a modest volume moving higher on higher volume again... This is typical of these parabolic moves. I think this can go a lot higher per trend is your friend, and when it does pull back we know exactly what it wants to test, don't we.

Edited by SemiBizz, 26 April 2008 - 12:56 PM.