Friday, September 25, 2009

Looks like that was it....

We broke down again and tested the 104.5 region I had talked about yesterday. This breakdown was clearly impulsive. Near term I am looking for a retrace up to 106.3 to 106.7 area and then a continued break down after that.

The 20ma still has not crossed the 50ma on the I am waiting before I commit more funds.My updated big picture with the top already in.