Aug 1, 2010

Weekly review / Седмичен преглед

Hello traders!!!
Volatile week, but in the end nothing has changed. If you look at two weeks back you will see the same charts which I have posted bellow.
Dow Jones is following the plan:) Prices hit the lower trend line, made a higher low(not shown hear) with the Histogram rising on the hourly chart.
So short term I am expecting higher prices and rally to the resistance zone.



Jul 30, 2010

Short term update

It looks like that the bulls are winning the battle.
DJ broke intraday the support level just to touch the lower trend line of the wedge. Next move is UP to resistance zone and upper trend line of the wedge 10700-10750.