chart 14/4/2010, page-16

Hi Barnsty I'm not sure where you're coming from with your comment about changing tunes - I made my 1st post on VBA 2 days ago - and ignoring? I havent got a single poster on ignore - I've never used that button, and I dont recall ever disrespecting you.

As to the daily chart, my reason for saying it doesnt look great (to me) are:

1. It currently presents a ST downtrend since peaking mid-March

2. The indicators I use (stochastic & MACD) look bearish to me (imo)

I acknowledge the bullish trendline you identified (a good spot because I missed it and was looking at the longer term one), but personally I feel the horizontal support at 61 being the most recent low is more relevant.

Yet despite that as I said the gap down and the doji candle presented me with a potentially positive signal worth putting a small entry on, based additionally on the confidence of the longer term trend.

I trade what I see, and I say what I see. Good luck with your trade. Cheers, Sharks.