Tuesday, December 2, 2008

Market direction for the coming weeks

Future is green at the moment and we'll have a gap up at the open which would be sold off. With such fierce sell off yesterday what makes one think the selling stopped right away? Here is one link I want to keep myself reminded of the possible direction for the coming weeks.

With EMAs 12 and 26 crossed over, I'm still short on IWM. Next target is 39.50 Fib level.

No comments: