Spaf
Honorary Hall of Fame Member
- Reaction score
- 45
Market Talk
Sunday
May 10, 2009
Sunday
May 10, 2009
General Commentary:
The bulls keep fighting back! The MACD keeps pressing the two month advances. Except for some short lived pullbacks the ascending channel remains intact, and extended somewhat to the upside. However, the tide can easly turn with a slight loss of momentum.
The ascending trading channel has pricing above the 50 day moving average.
The Bollinger bands have opened a bit, suggesting that there is still volatility.
The SAR remains in a bullish mode.
Volume has been brisk.
The STO is riding the overbought levels.
The MACD remains bullish, holding positive.
Well, that's it for the weekend!
Be careful out there!
