mp6140
Recruit
- Messages
- 13
Mp -- 5.15.2011
the price has broken below both the 240 and 1440 trend lines which invariably calls for a retrace of some sort ------ 4124 breaking to the upside is to be watched for -- should it break that resistance strongly and with momentum and volume, 4165 and 4171 is the first major resistance on the H4. GOING OUT ON THE LIMB AS USUAL, I think we make 4171 as a solid, and then the game is played by ear for a while as 4171 is VERY strong BUT 4194, 4213 and 4224 also shows very STRONG !
I would take the 4170 trade with no qualms with a sorta hesitent 4194 , and while being prepared for higher, wait a little to see what momentum and the gods bring forth as present trend and direction are pointing at a DOWNSIDE of 4100 easily, and we know theres more available down there. One thing that bothers me, and I am NOT going there yet, is a very strong resistance at 4358 and above, but i cannot commit to that as of this moment without seeing how much bullish momentum we might pick up and it certainly is a stretch to get to there.
DAILY CHART is plainly bearish with 3560 (gulp) showing as VERY possible (but we all know it wont get there without a lot of going UP first)
Looking to the H4 and the DOWNSIDE, 4030 is a very very strong point at the moment, with much below but with most certainly more than a few upside reversals while moving there
0126 ZULU -- present downside heading for 4034 with possible small retrace at 4045
0230 ZULU -- UPSIDE showing 4113 which was prior days closing price and at this time I believe we should see only a slight retrace before we head for there, and if the retrace is larger, we should still head there and probably head down from that point. 4102 will bring on a decent reversal i believe that one should watch out for
the price has broken below both the 240 and 1440 trend lines which invariably calls for a retrace of some sort ------ 4124 breaking to the upside is to be watched for -- should it break that resistance strongly and with momentum and volume, 4165 and 4171 is the first major resistance on the H4. GOING OUT ON THE LIMB AS USUAL, I think we make 4171 as a solid, and then the game is played by ear for a while as 4171 is VERY strong BUT 4194, 4213 and 4224 also shows very STRONG !
I would take the 4170 trade with no qualms with a sorta hesitent 4194 , and while being prepared for higher, wait a little to see what momentum and the gods bring forth as present trend and direction are pointing at a DOWNSIDE of 4100 easily, and we know theres more available down there. One thing that bothers me, and I am NOT going there yet, is a very strong resistance at 4358 and above, but i cannot commit to that as of this moment without seeing how much bullish momentum we might pick up and it certainly is a stretch to get to there.
DAILY CHART is plainly bearish with 3560 (gulp) showing as VERY possible (but we all know it wont get there without a lot of going UP first)
Looking to the H4 and the DOWNSIDE, 4030 is a very very strong point at the moment, with much below but with most certainly more than a few upside reversals while moving there
0126 ZULU -- present downside heading for 4034 with possible small retrace at 4045
0230 ZULU -- UPSIDE showing 4113 which was prior days closing price and at this time I believe we should see only a slight retrace before we head for there, and if the retrace is larger, we should still head there and probably head down from that point. 4102 will bring on a decent reversal i believe that one should watch out for
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