Bullet point changes to mildly bearish as Short MA (currently 50.79) turns up though other MAs are still bearish - the Short/Medium MA (currently 50.96) acts potentially as a dynamic Downtrend! The question is still out as to whether there has been a Double Bottom Pattern formed over Jan & into Feb. If it is then the target would be just over 58.00 - which seems unlikely at the moment. My concern last time that the Middle Tine of the Schiff Pitchfork of the 2008 - 2011 move (currently 45.41) may still be active given the distance since formation back in 2011 is seemingly wild, there may by some blurring of Tine! Further blurring elsewhere - this time by market action which could be showing in the Sep-to-date Downtrend (currently 48.95. It is currently combined with the recent 50% Fib at 48.95! With possible Bullish Matching Tops on the Weekly Chart and Possible Bullish Piercing Pattern on the Monthly Chart it sounds all too vague as to which way the market may go! It may be that we'll move to a neutral market next time we meet! Outside of a strong move below 45.41 & 43.58 or above 54.29 it seems we may go that way! Be cautious - a lot of TAs are seeing some potential major changes during Mar!
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