Welcome to the Traders Laboratory Forums.
Market Analysis Forum dedicated to fundamental outlook, intermarket analysis, and marco & micro analysis.

View Poll Results: Bull or Bear?
Bull 3 50.00%
Bear 3 50.00%
Voters: 6. This poll is closed

Reply
Old 08-20-2006, 02:34 PM   #1

Soultrader's Avatar

Status: Super Moderator
Join Date: Aug 2006
Location: Tokyo
Posts: 3,623
Ignore this user

Thanks: 545
Thanked 1,370 Times in 491 Posts
Blog Entries: 4

Bull or Bear?

The Dow Futures have broke critical resistance at 11400 after consolidating for 4 months. Are we likely to see further lift? Or will prices get rejected above this level? Post your opinions here!
__________________

Soultrader is offline  
Reply With Quote
Old 08-21-2006, 12:09 PM   #2

Soultrader's Avatar

Status: Super Moderator
Join Date: Aug 2006
Location: Tokyo
Posts: 3,623
Ignore this user

Thanks: 545
Thanked 1,370 Times in 491 Posts
Blog Entries: 4

After Mondays session and a clear rejection of price above 11400 (dow futures), my bias has changed from bull to consolidation. We can see a possible rotation back to the 10700 level. This level is key support on the daily charts and the lower extreme of our current range. (Late may - till present range)
__________________

Soultrader is offline  
Reply With Quote

Reply

Thread Tools
Display Modes Help Others By Rating This Thread
Help Others By Rating This Thread:


All times are GMT -4. The time now is 01:04 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
CS to VB integration by DeskLancer
©2006-2011 Traders Laboratory, All Rights Reserved.