X - Massive 45 Glide Pattern

45 Glide - 45H moving up slowly while price continues to fall with conviction
15H will try to move up through zero but very difficult to overcome the weight of weak 45H
15L still below 45L

5H moving down through zero - look for more short term down

Petro Canada (PCA) Monthly Weekly Daily

Comparison of 3 higher time frames of Petro Canada (PCA) - each chart will be described in detail below - click chart to enlarge

Upper Window - Chart Bars with Bollinger Bands

Mid Window - 5 Histo and 45 Histo (5H and 45H)
- 5%K Line and 45%K Line (5L and 45L)

Lower Window - 15 Histo and 45 Histo (15H and 45H)
- 15%K Line and 45%K Line (15L and 45L)

PCA Monthly

Long term up trend has gone through mid 60 BB and reached lower 60 BB
5H weak and 5L still down
15H and 45H still down
15L and 45L down
any attempt of 15 turning up will turn back down beacause of 45 pressure

Laymen's terms - probably reached a support level here but still lots of down pressure - monthly outlook is sideways

PCA Weekly

Weekly is finishing 15 edge histo down and getting ready to turn upans illustraded by the 5H getting close to zero and moving up
However, down pressure from the 45H will cause price to come back to 15L low

Laymen's Terms - Weekly getting ready to turn back up but will be difficult and slow. Watch for longer term return to lows

PCA Daily

5H moving up and ready to push up
Note the direction of BB averages and nesting of the 20BB in lower part of 60BB - any attempt to come up will be pushed back down

45H is only moving up slowly while price continued to fall - needs to get closer to zero before the trend moves up with any conviction

Laymen's Terms - trying to come up but may not be ready for stronger up trend due to longer term down pressure

Tip: when 5H crosses zero, price bars change direction

PCA Weekly - 15 Edge Histo Down

Highs in June turn down on the 15H (chart window
5H towards zero and 5L turns down (mid window
15H starting to hold but very weak (lower window
15L very weak(lower window

CM - Long Term Monthly chart still down

15H very weak, 45H moving down hard - very weak chart

NQ Daily, Weekly - See a trend here??

Still very difficult to turn up on Weekly chart as 45H is very weak

RIM Daily

Still has more down pressure even though 15H moving up slowly from the continuation down pattern

PCA Trade

Very similar to the HEU index play

HEU Play

Entry late Oct 3 as 5H on the 45 moves up through 0
Exit on 5H turn
15H up to 0 then turned back down

NQ Oct 3 2008