http://s22.photobucket.com/albums/b313/Hcour/?action=view¤t=C1-1.jpg Click on the chart to get the full screen. Consider the simple colors of this chart, in a daily downtrend since at least June. Starting 9/13ish, in the downtrend, there's a brief rally with one long spread closing on the high, then the downtrend begins in earnest as yellow completely dominates the white on the chart. Simply compare the spreads, the closes, the trending nature of yellow vs white and it's obvious yellow dominates in every respect. Now look at the brief but strong rally 10/15 to 11/01. Note the 3 strong long spreads 10/19, 10/22, 10/26, closing near their highs vs the narrower yellow spreads that fail any kind of significant pullback. Note all the closes. Then, at 11/02 the previous resitance at the red line produces the longest downbar closing near the low since the rally. Followed by another wide spread down 2 days later, back near previous support at the blue line. The rally starting 11/05 appears to be strong, there is not one yellow down bar for several days, but note the white narrow spreads up; it takes 9 bars up to 11/16 to recover the 3 previous down bars, 11/26 possibly climatic in the trend, resistance at the red line again. An upthrust consisting of mostly narrow spreads of several bars to 12/01, then the rally fails. Note the wide spreads down on the reaction 12/02-12/03 compared to the narrower spreads on the previous rally and consolidation. Following a 50% retracement rally 12/08, 12/13 is a relatively wide spread closing on the low, the next day back to support at the blue line. Presently 12/21 a consolidation at support. Colors. There will probably be some bounce off this support, but right now yellow, supply, is dominating the chart. Here either a st rally or consolidation is expected, maybe actually taking place, but right now I'm watching for a st break of the blue line soon. Lt, getting near significant support 3/2008.