Thursday, May 6, 2010

slide expected

This slide was expected there is no support till 1123/4 area.

FYI

When 1150 is broken the next level of support is 1123.50, where there is a gap to be filled.

1150

1150 is going to be defended because it was basically January's highs. I do see lower prices ahead, only a trade back to the highs and above 1230 will negate my views here.

1155 BINGO

Hitting pre market here - We still got 30 minutes before the open but we will see what happens when we open-