Tuesday, June 22, 2010

Additional comments, A.M. 23/6/10

RSI.4 has dropped below 80 warning of a possible short term trend change. StochRSI.30 remains in strong up-trend territory above 0.8.

MACD Histogram remains in an uptrend channel with no negative divergence from the price chart.

All that will change today. Enough to call a change in trend? Probably not. But we will probably see a second day of selling. Follow through selling is never a good sign.

Cheers
Red

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