With all the warning signs and overbought indicators the risk is high. That does not mean that prices could not crawl along the upper channel line on the hourly/daily chart for a while. This scenario is shown on the hourly chart bellow
Jan 18, 2011
Short term update
DJ hit the target - see the hourly chart. At the same time DJ is hitting the upper channel line on the daily chart too.
With all the warning signs and overbought indicators the risk is high. That does not mean that prices could not crawl along the upper channel line on the hourly/daily chart for a while. This scenario is shown on the hourly chart bellow
With all the warning signs and overbought indicators the risk is high. That does not mean that prices could not crawl along the upper channel line on the hourly/daily chart for a while. This scenario is shown on the hourly chart bellow
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