Tuesday, November 15, 2011

Short term difficult to assess

Short term here it is difficult to assess where the markets will break out to- Right now we are in a trading range and we will break higher or lower inevitably but the true answer is when! We are trading around the 200MA and that makes its more difficult (above 200MA bullish below bearish). Also one thing I see on the charts is a munch of tight triangles showing bear and bull triangle but because they are coiled whether they go is the problem in assessment.

No comments: