AI
Friday, March 14, 2003 2:26:45 PM
July we still had SMA Resistance
I am thinking this move might be more like Jan. Possibly retesting 8100 but then Failing and resuming the downtrend. DMI+ has not taken over DMI- yet as it did in October. It is still looking like a Possibility that this move can turn into a longer term Positive trend if that happens though. For now it is just looking like a short term rally to retest Resistance. Next week should give us a better indication of what might happen. Expiration weeks are usually good for rallies. We just might have seen that rally already find a top though, maybe.
I am thinking this move might be more like Jan. Possibly retesting 8100 but then Failing and resuming the downtrend. DMI+ has not taken over DMI- yet as it did in October. It is still looking like a Possibility that this move can turn into a longer term Positive trend if that happens though. For now it is just looking like a short term rally to retest Resistance. Next week should give us a better indication of what might happen. Expiration weeks are usually good for rallies. We just might have seen that rally already find a top though, maybe.
Good Luck to All! :^)
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