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Rising Channel


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#1 Islander

Islander

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Posted 20 August 2012 - 07:16 PM

Targets in Channel


The volume today was light, but the direction and conviction to test the highs and next resistance seen resistible.

See the two resistance levels in the Link. Both are within reach by months end. (Courtsey Barcharts)

Hope springs eternal that the ECB will somehow sell bonds, and that the Fed will soon relent and go QE.

Still long on an index swing, with stops. Holding more PMs each day, and still in a few bond calls for corps.


Best, Islander