I dsagree, I do not think it is time for it to move up.Look at the MACD (12,26,9)
The FAST line is still BELOW the SLOW line. This means it has not been moving in a positive direction lately.
Both FAST and SLOW are well below the ZERO line. It is still in a DOWNtrend.
CMF (Chaikin Money Flow)
It is still in the negative area and does not look like it is even heading for the positve area right now.
RSI
Has not hooked back up.
I guess it did make a higher high and lower low. However I would like to see a confirmation with an oscilator.
I am still learning this stuff. This is just my opinion. There are MANY people here that I would listen to over me. Perhaps they will offer a different take on this.
Paul
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Let not the rich man glory in his riches.
[This message has been edited by PAUL (edited January 07, 2004).]