Thursday, January 18, 2007

Right Direction, Enough Strength?

Dear Readers the pressure has been working to dumpen the upmove capability of the US market, but has not caused them to break, by any strech of imagination. We need to be careful or even think long if/when the buy pressure reaches elevated status ( not yet). You know by now, how to interpret this chart. Bears need for the market to break hard, so far that is no the case, but we have 1-2 days to see it comes. GLD is holding up and OIL( could be temporary) firmed up, while DOLLAR is on rampage and may continue so for few more weeks. Good Trading

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