Aug 8, 2010

Weekly review / Седмичен преглед

Hello traders!!!
this week action has not changed a lot. I will repeat my self from the last week - DJ is following the plan:)
The prices are moving higher in the rising wedge on lower volume. We are nearing the end of this move, but its difficult to say if the wedge will be broken this week or next week. DJ has room for another rise of 100-150 points. We can even overshoot the upper boundary of the wedge and the cluster of resistance, but in the end the next major move will be DOWN...

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