5 ma daily was again key yesterday and the bulls bought the pullback. Today we see the same scenario. Stay allert, because the market climbed to fast in my opinion.
Thursday, February 9, 2012
Wednesday, February 8, 2012
5 ma daily hit and again nothward....
The sentiment remains bullish and the pullbacks are small. The smaller frames move again above the rising 5 ma daily....The sun keeps on shining
till ........
Tuesday, February 7, 2012
Bullish but....
No great moves yesterday. We see inside candles. 5/20 daily is rising but don't chase the sentiment. Wait for a pullback.
Monday, February 6, 2012
Vulnerable again...
We saw a bullish market on Friday and the result are new highs. The smaller frames are moving extended high above the rising 5 ma daily.
Waiting for a pullback therefore.
Friday, February 3, 2012
5 ma daily is still support...
No major moves yesterday and the smaller frames are still moving above the 5 ma daily. Therefore, looking again for longs after a pullback.
Thursday, February 2, 2012
The trend is up but....
The rally continues and the bulls remain strong.
Longs are vulnerable, especially at the techs because they made a new high.
Wednesday, February 1, 2012
Still moving above the 20 ma's daily....
Look at the the tails in the daily candles yesterday. That means it's a bull/bear fight.The rising 20 ma's daily could trigger longs again.
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