Monday, October 13, 2008

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

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