As I mentioned yesterday bulls should be happy if they manage to defend SMA200 or at least 1100 level. The more volume they manage to accumulate above 1100-1115 the better.
babaro
Thursday, September 23, 2010
Bellow 1130
Momentum is fading on short term as evidenced by the hourly DMI that turned red today for the first time in the last 3 weeks. Also the price slipped bellow EMA50 but we still have a bullish EMAs crossing and price is still above the rising five days SMA. Weekly, we are a bit on red so unless tomorrow market moves up we are not going to see gains for four weeks in a row.
As I mentioned yesterday bulls should be happy if they manage to defend SMA200 or at least 1100 level. The more volume they manage to accumulate above 1100-1115 the better.
babaro
As I mentioned yesterday bulls should be happy if they manage to defend SMA200 or at least 1100 level. The more volume they manage to accumulate above 1100-1115 the better.
babaro
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