Wednesday, September 1, 2010

Charts are turning bullish...

Well, the sellers ran out of steam at the goal line, and the bulls took advantage in a massive up day. The charts have turned short-term bullish, but there is still more to go before we are looking at a change of trend. Anything greater than a 10pt pullback from here (before crossing 1100) should put the bulls on caution of a false breakout.

The bullish count is now my primary count. The bearish one is the last stand at 1090.

Best of luck!
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