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Wednesday, January 12, 2011


Don't get me wrong, It's never a good idea to stand in front of a charging Bull, but if 1273.87 is broken the short term trend may change.

I'm watching McClellan for breadth and OBV for momentum.
PPS has issued a sell on the 15 minute, and Price is below the forks handle as well as the 4-7 MA.

Forks and Ichimoku indicate a strong bull market since the breakout from the downward fork. Here you can see the supports and resistance.

My KumoBob Indicator is at 40% Bullish on the hourly and 40% Bearish on the 30 minute.  This may indicate  profit taking off the fork.

 11:50 ET
One upward fractal after another.

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