Wednesday, December 17, 2008
A day of rest
The market has reestablished the 885-920 trading range in which it fluctuated during the December 8-11 time frame. This time I think the breakout will be to the upside. Today was a dull day with little significant volume on either side of the market. I think tomorrow will be more active and will probably be the day the market breaks out decisively above the 920 level.
Subscribe to:
Post Comments (Atom)
3 comments:
Hi Carl,
We came close today, but no cigar. No buy signal for me, I reversed to the short side as we fail to stay above the 914.10 level. Yes, maybe tomorrow, but now it will be more difficult, we'll need to close above today's highs for a buy signal. Anything could happen. I did re-short the Bonds ealier today.
Have a great evening.
Thanks.
Kindest regards,
PM
Carl, what do you think of the US dollar now?
Hi Carl,
To let you know I covered my short and went long in the evening session at 905.00.
Have a good evening.
Thanks.
Kindest regards,
PM
Post a Comment