34 Mar 2014

The rally at the afternoon hour looked quite strong, but it managed to reverse just enough to close with a downward bias.  The ST signal last Friday is still in good shape which was good at indicating a reversal within the same day of the turn.  We should see how far it will push lower.  An intra-day candle indicates a reversal doji based on the last candle bar for the 60min chart.  Prices have also been contained between the 75 and 200 ma of the same 60min chart.  So a break above or below these two averages will be either bullish or bearish.

MT: DOWN
ST: DOWN
PA: NA