PUBLISHED BY INSTITUTIONAL ADVISORS
April 26, 2008
Technical observations of RossClark@shaw.ca
The upside acceleration in the energy complex is beginning to produce daily alerts in our exhaustion model. Most are lacking any divergences in the volume related oscillators so corrections of 40%-50% from the March lows to the mid-point of the 20 & 50 day moving averages (blue and red lines on the charts) appear to offer initial support.
In addition to the energies, Potash Corp (POT.TO) is into upside exhaustion mode on the daily charts. The following stocks are now producing Exhaustion Alerts:
April 26, 2008
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