Water - Analysis for 10.02.2007

PHO - PowerShares Water Resources Portfolio
This ETF tracks the Palisades Water Index ($ZWI)

Monthly chart shows traders displayed indecision last month. However, index is strongly above the 8ema.

Weekly chart shows index to be above all key moving averages. Possible wave 4 completing, with higher high for wave 5.

Daily chart shows trader sentiment has changed, with buyers gapping up the stock at the open, which happens to be the low for the day, and closing at the highs.

PIO - PowerShares Global Water Portfolio
This ETF tracks the Palisades Global Water Index ($PIIWI)


CGW - Claymore Global Water ETF
This ETF tracks the S&P Global Water Index (AQA a0)