Saturday, April 10, 2010

No confırmatıon. 10.4.10

There has been no confırmatıon of the StochRSI30 warnıng of a trend reversal. It remaıns below the 80 level but above 50 - the warnıng contınues.

CCI remaıns safely above 100 at 152.

Negatıve dıvergence on the MACD hıstogram also warns of a possıble trend reversal.

The market seems determıned to hıt that 5000 mark - a break hıgher would be bullish. I wouldn't be surprısed to see that happen.

Seasonals stıll favour some move upwards.

Stay wıth the trend - not your fear.

Cheers
Red

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