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Thursday, October 15, 2009

Thursday evening update

Today Jon Stewart did a short but poignant news story about the stock market and the USD.

The Tenkan-sen remains above the Kijun-sen for a Bullish Cross
The pair are also above the Kumo, as is the price and the Chikou. This is also a bullish indication.
The Tenkan-sen and Kijun-sen are showing a loss of momentum and the Chikou is drawing in an area of support/resistance between 1088 and 1092.
The Kumo is bullish with Span A over Span B (white over yellow) and is continuing to raise the support levels. The wide Kumo should be adding a fare amount of downward force.

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