Tuesday 11 March 2008

Daily MACD is pointing up, and preparing itself to cross over



4H MACD has already crossed over and pointing up sharply



1H MACD is very bullish and above 50% line



Daily QQE is also pointing up and getting prepared to cross over



4H QQE has already crossed the 50 line, and crossed over up



1H QQE is pointing up and is already above 50



The price is already above the 4H Gann HiLo, and if it closes above the daily Gann HiLo at about 208.9sh that will confirm the medium term up trend and will send us to 213.3 at least.



Based on all that, I think that 500 pip up is a reasonable (and even conservative) target over the rest of this week and may be next week...

Just my 2%