KCPO - Bulls Showing Off Power- 3/19/2012

 
The market has behaved accordingly to my trading plan. I went in and bought on last Tuesday. I am placing stop at prior day low minus 2. The ADX is still rising healthily, so watch the MACD over the Stochastic. The best thing just happened to this chart and its bearish divergence has already been erased out. This is good news for the bulls.

 
The weekly chart is getting more bullish. Both the Stochastic and MACD are rising. The Japanese Candlestick is rising and showing a classic higher high and higher low candlestick. But the ADX stays dead and flat at 14's for its 5th weeks now. But I would instead watch for the D+ to go above 30's, that may substitute a trend indicator.

This market is actually getting more and more bullish inclined as price has broken above its recent fractal highs. That practically mean the bull is pulling itself away from the bears.