Thursday, June 24, 2010
1061 level
How did I get that 1061 level, chart below. Also if we break it on a closing basis it "suggests" we get a test of the lows at 1042.
Points to watch
Though the volume is low there is still a possibility of a bounce if we don't violate the 1061 area. As of now the market is dead! we are just swinging within a small range and it make ZERO sense to play hard here. On the longer time frames it remains the same and if so you play accordingly.