Monday, September 18, 2006

 
Trading Ideas & Picks

Weekly Market Update

From a technical standpoint, we have a new up trend. A normal up trend after such a strong down trend, like the one we had in the first part of the year, would only bring us up to the 1590 level. We did stop there, for a while, as expected, but then broke the resistance. This puts us in strange territory, the next resistance level is 1677. Basically, that means that the whole down trend is going to be undone by a new up trend...

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