Ideally we want a lower daily swing below 1333.5 but that may mean having to enter at lower levels (although a safer signal)...if wanting to be more aggressive Thursday's high (a 2nd LH but above 1333.5) could be s/l,or even yesterday's high
Breaking the 2 ema's is not positive for the bulls and a fresh bear cross might be deadly
on the murrey math chart the 2 swing lows near 1250 might be an initial target...1240 would be equality with the first run down.Also need to watch support from the 1x1 on Dino's chart (earlier post)
obviously a "deal" from Washington could produce a violent rally,so caution is warranted.I am not convinced any such rally would be sustainable though
Thursday, 28 July 2011
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