Out on the limb

There could be a one day shakeout without technical damage.

The RSI system is above zero, retested it's downtrend and the zero line.
Money Flow system also retesting zero from above, this can setup a launch.
Where the cycles are up in unison, it should work.

The channel centerline was tested on Dec 12.
Remember a long time ago weekly cycle called for a Dec 14 week low, that was it on Dec 12.

If I go to shorter time period, 195 minutes is two bars per day, the 20/50 volume weighted trends are up
first time since the start of the August rally.

I circled one price point at 82.35 where they could shake it out 6-7% down, if they
are going to accumulate lower for the 2nd to last day of the month.

The other side of that view is that a shakeout on volume is a "good" breakout of the symetrical-triangle-in-a-downtrend which has the "right" volume across its formation. But that triangle is not "textbook" and may not quack like a triangle. Anyway, if price gets out, it better get back in pdq.

This is a mac based cycle thingy. Stuff says it is not done:

Edited by selecto, 28 December 2008 - 11:46 AM.