No surprise for now, pullback and crawling higher.
Do not get too excited and bullish, the 20W nominal cycle should make a top next week and this move on the down side will be much stronger.
I have a holiday break two weeks... I will try to post something, if I have time. Next review probably on the 8-th of January.
Enjoy the Holidays, Merry Christmas and Happy New Year.
Spend more time with the family and the friends. There is plenty of time to trade:)
Dec 22, 2011
Dec 20, 2011
Short term update
The weekend forecast looks right for now - negative day or two and a bottom around 1200.
Now we have a lower low at 1202 with divergence and a strong reversal.
If I am right in the next two weeks we will see something like that shown on the chart.
Resistance is 1300-1305, previous move was 108 points added to 1202 is 1310. So watch this area.
Now we have a lower low at 1202 with divergence and a strong reversal.
If I am right in the next two weeks we will see something like that shown on the chart.
Resistance is 1300-1305, previous move was 108 points added to 1202 is 1310. So watch this area.
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