Friday, January 22, 2010

Drifting lower

Drifting lower here but I am waiting on the first hour to be in like yesterday to see what they want to do.

Got to watch this 1096 area though on the downside. Also the 50MA is around 1110 so a weekly close below this level would set us in a bearish bias shorter term. Bulls have to make a close above that 50MA for them to have a chance of a bounce next week.

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