Thursday, September 2, 2010

Key test coming...

Sorry I don't have a whole lot to say. It's been a couple of long work days, so I don't have much time for deep analysis. What is coming up is a key test of the trend at 1096/1106. We'll definitely get a pull back before or after the 1st test, but if the move down is weak, then the bulls will move and confirm a change in trend from down to up. Watch any pullbacks to hold in the 34 SMA (hourly) for the bulls. A loss of ground here should put the bears back in the drivers seat, and a quick move down to 950.
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