A Couple of comments about the chart
Short Term - Notice the first break of green channels have been bought on the previous two occasions and trin readings this high immediately following a high is followed by a lower low within two days and is only slightly lower in price (Odds say weakness will be bought).
Medium/Longer Term how price deals with the upper most blue channel line over the next few days should provide a clue if price is going to seek out a new blue line 80 points up and rising.
Chem
channels
Started by
chem
, Apr 19 2010 10:57 AM
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chem
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Posted 19 April 2010 - 10:57 AM
A Couple of comments about the chart
Short Term - Notice the first break of green channels have been bought on the previous two occasions and trin readings this high immediately following a high is followed by a lower low within two days and is only slightly lower in price (Odds say weakness will be bought).
Medium/Longer Term how price deals with the upper most blue channel line over the next few days should provide a clue if price is going to seek out a new blue line 80 points up and rising.
Chem
