Tuesday, December 26, 2006

More Pressure To Buy

Happy holiday season greetings to all. Ah... Pressure again... Yes, the buy pressure seems to have reached extremes of the past, which in our way of thinking means two things. 1) that the market is/will be a short-term buy soon and 2) the market has lost the momentum as it takes a "lot of buy pressure" to make the market go up. In short, the path of the least resistance, on the intermediate bases , is down. Good Trading


2 comments:

Anonymous said...

Good Morning Boris.

Looking forward to a Happy new Year.

GG broke the upper line of the trend channel today. Would you say that's indicating a trend change?

Thanks

Danno

boris said...

Dear Danno, Happy New Year too you too. 28.30 would be a trend change for me and we may get close today.
GOod Trading