TNA Sideways

Sideways movement goes on now as it has since August. US economy shows improvements, but EU overhangs that with consequences no one seems to know.A number of things show signs it will break upwards, at least eventually, but in the meantime, sideways.

The sideways movement has shown fairly reliable, making trading a range profitable. The current short-term linear-regression channel now challenges the longer-term channel. Volume studies are not favorable. However, it has crossed a longer-term trendline, retested it (dark-blue trendline). Same with a shorter-term trendline.

This all points to a continued sideways movement.
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1/9/12: Price driven down out of the short-term channel. Left the trade before it went lower.