Thursday, March 27, 2008

Testing short term bull trend


Using a 15 minute weekly chart it is evident a trend has emerged in the past 3 days of trading. The trend line was broken and the price dropped aprox $10 in quick succession. Whilist the trend level was breached, it quickly subsequently rebounded. I expect that in the short term the price will trend sideways, unless large volume push the price above support.

1 comment:

Anonymous said...

keep it up(the blog, not your knife catching attempts). you wont regret it in the long-term.