Charts from Ron Walker (thechartpatterntrader.com ).Ron points out in his video that last week's rally on light volume has turned the swing indicators like NYSI and BPI positive and that we could potentially push higher to the next resistance levels.However we also have a bearish rising wedge on the intraday charts so the market needs to be watched carefully the next 2 weeks.It does look as if a top is very near though.
Monday, 26 December 2011
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