Monday, February 1, 2010

Support Zone 1062-1068

Now that we have broken through the 1080-1085 support zone, the next area of decent support is at 1062-1068.  That is area around the September top.  Today is the first day of the month, a historically bullish time for equities.  Both seasonality and oversold conditions are working for the bulls.  I will be leaning long all day.



 

1 comment:

nicasurfer said...

nice trading last week.