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Wednesday, September 16, 2009

EOD Count Sept 16

Update from my Mid-Day Count (Mid-Day Count Sept 16) and continuation of the theme in these posts: (EOD Count Sept 15, EOD Count Sept 14 and Mid-day Count, Sept 11)

Here is the Daily chart with trendlines. MACD continues to be supportive, as the trend was throughout the entire rally (however the range is consolidating, just as the wedge formation is, suggesting a trend change soon). We have bullish breakouts on the RSI and CMF, both suggest more upside before the trend change.

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