Wednesday, October 6, 2010
Notice that the market moved down towards the quarter channel and turned back up and heading back towards the long term descending trendline. If this line were to stop the market and this were to be the final 5th of the 5th for minuette (i), it most likely will be truncated.
Notice the MACD rolled over and almost crossed down but turned up into the close. The 15 min MACD (not shown) turned up today and signaled a buy.
Been a busy day today at work so I'll try to get a squiggle count out later to determine what the move was today.