I wish I could figure out how to copy and paste some charts from my LiveCharts, but looks like my brain cell is not cooperating. In any case, I had a look at the weekly chart for CUU and it looks like next week we may be at some sort of cross roads, from technical standpoint. If you set up the weekly chart you'll see that we ended up last week with a long legged dodgi which is a sign of indecission and according to Thomas Bulkowski (the candle guru in my mind) it is a random set up, so we could go either way next week - if there are no NRs that is. However, if you look at the previus weeks things look more interesting and bullish in a way, even without the NRs.

I think that we made the start of the reversal week of 10/07/11 with a piercing candle setup, which in a bear has a 60% probablity for a bullish reversal. This pattern was then followed by a spinning top (week of 10/14/11) wich was a sign of indecission. Than over the next 3 weeks (from 10/21/11 to 11/04/11) we formed a stick sanadwich bullish reversal pattern. This pattern according to Bulkowski has a 63% probability in bear market, I like that.

I wish that last week ended with a more bullish sign, but the long legget dodgi is better than something more bearish. Again, these are just my technical musings and should there be an NR it is anyone's guess where this thing will go. However, just based on the weekly chart I would think the SP will be going higer next week, it has more than 51% probablity to do so. I know thatit looks random chance, but connecrting some of the dots suggest we may be going up. We'll see what happens.