Sunday, September 13, 2009

Getting closer to a top...

Last week's breakout saw follow through up until Friday where a minor reversal appears to have occurred. I'm only excepting minor selling to continue on Monday morning before we begin our last move higher. While there was nothing in the charts to expect that a top was put in last week, any move below 1030 would likely mean that last week's top may be more significant. Until then I continue to watch to the 1050-1070 area and reactions off that area to give me confidence that primary wave 2 is in.


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