The price is above the 18 week moving average
The 4 week moving average has crossed over the 18 week moving average.
The 4week moving average is sharply turned up signifying a Spear Point trade(45 degrees or better)
Typically the price will move up in these conditions untill it hits resistance at the spear point of the upper bollinger band (turned down 45 degrees or better). That will be followed by a correction (unless it's really strong). The conclusion of the correction will be the initiation of the new bull trend...assuming the over all pattern holds are we are not going into a sideways consolidation.
anyone else care to post your charts and explain why you hold your current opinions?