XEL possible 123 low in progress

Bit better daily chart showing downtrend not broken yet

screencast.com/t/ZUkBvTqA

and close up showing also that RSI is about to break out.

screencast.com/t/Ld3BUlHKQV4

Hi orsotoro,
I'm not sure which downtrend line you are referring to that has been broken? If it's the LT one starting from all time high end of Dec 2010 then I don't think it's broken yet, it's around the 50ish mark atm on my (crude) chart. Also RSI is still in downtrend but about to breakout. Hoping this will complete 123 low (target at 50.23) and have buying momentum to continue further perhaps to MA50 currently ~ 55.5. I won't be too greedy though and will watch SP closely on Monday and if volume is low I would react and take profit early accordingly ')
screencast.com/t/C7mULpJj1xB

Yes, my fine Halloween fiend, or friend, it looks like the downtrend line has been broken..... MwaaaaHaaaHaaaaaHaaaaaaa.

screencast.com/t/8Xh6PGaExkpa