The Art Of Technical Analysis
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Tuesday, March 29, 2011

http://3.bp.blogspot.com/-BIBo-RAxHB0/TZ.. reffering to my earlier post from sunday regarding the technical event.
im looking at an hourly chart spanning about 3 months. the indicator im looking at is the macd (not histogram, also note the parameters). the last time it went positive was jan 6 2011. it was on the brink last friday, and finally broke through today around 2:45. the chart below will show this.
http://4.bp.blogspot.com/-IAmE0e5589Y/TZ...
last but not least, looking at a daily chart with a 5 day exponential moving average, you will see; we have had the last 8 trading days with a rising 5 ema. 8 out of 8 we have had a daily close price higher than the rising 5 ema. as of today 5 ema is now above all other standard moving averages that one would typically use, for example, 9, 13, 34, 50.
one more thing to note on the daily. macd histogram with standard settings 12 26 9 , has been ticking higher consitantly since march 17. at this point we could be a day to 3 days away from going positive, which combined with all of the other prospects could lead to a sharp increase in share price :) . i am hoping however, that we dont create any gaps, so that they wont run the risk of being backfilled.
take a look at the charts guys, let me know what you think.
Tuesday, March 8, 2011
Friday, March 4, 2011
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