Thursday, December 17, 2009

Still in range

The DJIA keeps on hitting resistence of a L-T trend line.

A couple of scenarious could play out here.

-sharp sell-of into xmas
-or a breaking of the L-T resistence, possible 400+ points on the upside (outlined in red)

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I've also been watching the AUD/USD. I see weaknes in the $AUD - possible target 0.86c

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safe trading

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