See chart...pull back to 8500 8450 level...BUY looking for 10040...stop 8125..risk 375 reward 1540...
LOOKS like shorter term trading the order of the day...for a while...Santa rally...
BUT on the daily looks like we need a close above 10500 for things to change to bullish longer term...
Look for commodities to confirm the und OIL GOLD etc etc...also a weaker dollar...if those are not there SUSPECT the rally!
Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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Tuesday, December 9, 2008
Possible reverse Head and shoulders DOW target 10040!
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