Friday, August 05, 2005

TNX TA ALERT

My chart (somewhere down the line I will buy the better stock charts service so I can doodle on my charts)

Observe please: ROC in rising teend (rate of change) has broken down trendline.

MACD high but turned up again. Histograms rising. FLAT 200 SMA and rising 50 SMA

Potential Doble bottom and reverse H and S formation. Portends a move towrads 4.6%

And it depends on bullish sentiment picture which is waning, and I guess more quickly now, will alert us of an impending short term low, IMHO

Duratek

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