Tuesday, November 9, 2010

Making a Top

Today's action has confirmed the top of 1224 and we should now see more two way trading for the next few days.  After that, I expect a move to the downside, probably to at least 1175, but more likely to around 1162-1165.  We are probably getting close to a bounce, but it will likely be contained at 1220. 

3 comments:

  1. That was a nice all-day downleg.

    ReplyDelete
  2. ES , NQ, gold, OIL all came down touched 8EMA on daily and bounced

    ReplyDelete
  3. Petsy dude ... why u not wanna join C4T ? We still miss u !

    ReplyDelete