It seems we are trading in a range. Is there a downtrend (or possibly even an uptrend) The long term trend seems down. The reason I ask is that according to stchastics literature the stochastic is unreliable when against the longer term trend so that a buy signal in a downtrend could quite likely be a false signal. It seems that the stochastic gives fairly reliable info when trading in a range and usually reliable info when trading with the longer term trend. Taking successive tops or bottoms to determine a trend is problematic in a volatile market but looking at a year trend it appears to be down.