2008 TRANSITION

PHASE 1: BREAKDOWN

 CRASHED 30% DOWN THEN BOUNCE AND RETESTED KEY LEVEL

 CRASHED 50% DOWN AND WENT SIDEWAYS AND CONSOLIDATED

PHASE 2: CONSOLIDATION

 6 MONTHS CONSOLIDATION

PHASE 3: BREAKOUTS

 BREAKOUT OF CURRENT CONSOLIDATION WITH VOLUME AND RSI MOMENTUM

PHASE 4: SERIES OF HIGHER HIGHS AND HIGHER LOWS

 CONTINUED TO RALLY TO THE NEXT RESISTANCE AND BREAKSOUT WITH MOMENTUM

 NEXT KEY LEVEL WERE RESISTED AND RETRACED TO A KEY LEVEL AREA(RESTED RECENT
SUPPORT)

CURRENT PSE POSSIBLE TREND TRANSITION

PHASE 1: BREAKDOWN

 40% BREAKDOWN: BOUNCES THEN CONSOLIDATED 3 MONTHS

 EXPANSION BREAKOUT OF 3 MONTHS THEN FORMED A BIGGER CONSOLIDATION

PHASE 2: CONSOLIDATION

 STILL IN 7 MONTHS CONSOLIDATION.

PHASE 3: BREAKOUTS

 NEED TO BREAK 6,500 AREA WITH VOLUME AND RSI MOMENTUM

PHASE 4: SERIES OF HIGHER HIGHS AND HIGHER LOWS