Hey Silverback,
I am also a novice at chart analysis but I have been doing well with recent (last 13months) buy in postions with SLI by watching what I have known them to be called "acending triangles". This is when the lows acend to cross paths with highs or closes = buying sign. This has started at or on Dec. 20th.
Looks like we are ripe again.... ready for news??? and awaaay we go (Jackie Gleason).
Good chart reading!! Lets cross our fingers, did my TFSA transfer yesterday based on this.
Vepper1