First off,interesting way of looking at t/a Klaus.Don't spend nearly enough time on the mountain tops.Just feels like I'm jumping off them all the time.

As for the ENER,I'll be honest with you.I'm not a fan of trying to pick bottoms which is what it looks like you're trying to do here or catch an oversold bounce.You may be right that the downtrend is over but I'm a little more conservative I guess.I'm old school with the t/a having first learned it by reading Stan Weinstein.I'd prefer to wait for the 40 week moving average to at least stop its downtrend and even better wait for the price to cross it for a true confirmation of the trend becoming bullish.Good luck with it though.

While on t/a,I got a question regarding huge parabolic moves.I know they usually occur towards the end of extreme uptrends so here is the dilemma.When do you sell???My problem in this case is with T.SMF.Considering the fact gold hasn't even been moving up in the last week,this is getting overbought.If gold does start moving up,this could get extremely overbought so how does one get resistence points let alone sell points?