Wednesday, February 14, 2007

Benign Pressures, changed momentum



Dear Readers today's pressure readings indicate the benign readings on all sides, but momentum has shifted to the upside, I would say though, that this change was not unifromly strong, so, it is suspect. Wathc the EURO and GOLD today, I think they could be putting in a temporary top, at least. Only a strong breakout here by GOLD will change this thinking. Especially bearish on BRITISH POUND, for an intermediate term. Energy seems to be locked in a narrow trading range, which for a while should resolve on the downside and then up again. Good Trading

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