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"The market is a treacherous and fascinating game. I am a player and this is the quiet place i go to pen my thoughts and emotions."

Thursday, July 13, 2006

Chart: Landwind

ChartLandwind broke out of its month-long downtrend on high volume and price increase. This is obviously a good sign. However this was an overdeviation from the mean. The price retreated back to touch the short-term uptrend line after hitting the resistance line at 0.525.

The 7 day MA would be a good measure of support. I suspect the 0.525 resistance will be tested again soon.




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