Monday, July 12, 2010

Low Volume chop zone coming

The last time we rallied off major lows we had a very similar price pattern. Take a look at price advances over the Moving averages and the formations we are seeing on MACD (got our cross today).

From here on out, we should continue to chop and as mentioned previously test our final target of 1085 (we got close today but got denied). I do believe we are going to break through the 1085 this week but I am not sure and rather be proved wrong with profits locked in.

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