A lot of large movements with new lows (triangle view gets discarded).
Though markets broke 2850 we have some good buying coming in.
While this does not necessarily imply bullishness, the EOD candle
probably suggests bears are not as strong as before.
There is the possibility of a 'falling channel' developing on EOD charts.
This implies short term bullishness.
Support: 2860-2750. Resistance: 3020-3240.
Wednesday, November 12, 2008
Tuesday, November 11, 2008
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