Tuesday, January 29, 2008

GROUP CHAT-Please email

This is a repeat post as to the interest in forming a group chat.


I have gotten request from some readers on my opinion on various sectors such as FOREX, commodities, stocks etc. There is no way I can write on all these topics daily but would gladly accommodate anyone who wants to ask questions on the markets if I can.
I would like to therefore know from readers if they would be interested in the set up of a GROUP forum, so questions can be asked and discussed with more accuracy. This way i could chart your questions and give my technical analysis from what i see on the charts.

All those who are interested please email marketjedi@gmail.com and I will set up a group forum if I have enough people interested.


MARKETJEDI.

Tuesday

Futures are currently up meaning we should get some follow through of yesterday's upside. I am looking for us today to consolidate some of the move of yesterday and friday and with the FOMC looming tomorrow I do expect traders to slowdown on volume.
I think we still have an upside bias into the FOMC meeting and maybe for the week but then i do see the upside limited afterwards. What I would be doing here if I am long is looking to sell into this uptrend and always look for some short positions once we get into the resistance area around 1396-1406 area. We will see soon enough if we are right but I will be playing it as such for the moment based on what i see now.