Tuesday, June 2, 2009

Will we make a D-T

Well the falling wedge broke to the upper side and the bulls have taken control again. It was thought that maybe the late push into the end-of-the-month rally was 'window dressing' by large funds and was going to come off in Monday's trading session.

The question now is; will we make a higher high, a lower high, a Double-Top and then where do we head after that.

Still caution should be shown, we could be lead into a false sense of security thinking that this bear market is over. Sitting on the sidelines till a clear trading direction is established.

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safe trading

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