Mar 29, 2012

Weekly review / Седмичен преглед

Toping is going on.. ups and downs:)

The technicals look bearish so the bearish scenario is shown on the firs two charts.
Probably several down days and break of the wedge followed by lower high.

The other two charts suggest a little bit more bullish action.
The countdown reached 12 and the combo is at 11 so we need 13 to finish the counts that means one more push higher.

Cycles - the 20TD cycle is 17 days old so we will see a short term bottom today or in the next 2-3 days followed by a move higher.

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