Monday, November 29, 2010

Another morning update

 4:01 pm update. We close in red but bulls showed a lot of strength on the afternoon. This is a tough market to trade. I'll come later with details.

11:20 update

Up-down-Up-down pattern is about to be broken. This is going to be the second straight down day but I don't think we are going to close outside the 1177-1200 range.

The dollar is continuing it's rally and it looks like the buy signal generated by EMA15 crossing EMA30  on daily chart is real.

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