Haven been updating much here as lots of news are making TA unreliable. For example the bail out issue on the car companies in US. When they announce that they might be a bail out, market rallied, then one moment later they say the bail out is canceled and the market fell. Next moment there is another plan to save these companies by using funds that are meant for the banks.
In these case, TA will not work. So stay out of the market, if you are depending on TA to make a quick buck..
However if were to look purely at TA, it looks a little overbought..though if more 'good news' come, the market will keep on trending up.
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