VST is up for now. Any 30-min close below 1528.50 during the day session will turn it down. ST is sideways to down. IT is a friggin' mess - a case could be made for either up or down. For now, as i posted in my "Use your oscillators post", we remain fimly in a sideways market. Those who profit here are not the trend followers, but those who sell resistance and buy support.
As long as we hold above 1528.50, i will keep scalping the long side. Below that i will start looking for shorts.
VST, ST, IT
Started by
NAV
, Jul 12 2007 03:39 AM
4 replies to this topic
#2
OEXCHAOS
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Mark S. Young
Posted 12 July 2007 - 06:52 AM
I'm feeling good that I'm on the same page, except for that "friggin' mess" part...alas. 
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#3
Cirrus
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Posted 12 July 2007 - 08:03 AM
The XAU weekly looks like it has the potential for a major breakout. Should that happen one would think the market will remain in the hands of the bulls for a little while, at least.
#4
rkd80
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Posted 12 July 2007 - 08:04 AM
I see 1538 as the next resistance area. I am short, but would be forced to take a loss beyond that point.
“be right and sit tight”
#5
atlasshrugged
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Posted 12 July 2007 - 10:13 AM
YEP!The XAU weekly looks like it has the potential for a major breakout. Should that happen one would think the market will remain in the hands of the bulls for a little while, at least.
