Wednesday, December 20, 2006

Intermediate term down,Short Term Anywhere

Buy Pressure remains elevated and that could cause some more upwards move in the markets. If the market drops without making a real progress on the upside, it would be another indication that top is put in place. Our expectation is a one more day meandering up and renewal of a move down. XOI has, most likely, topped as expected for few weeks now. Gold probably will not top, move higher early 2007. Good Trading

No comments: