Thursday, December 3, 2009

A very BIG move is coming.......

This could go either way.....

The first chart is the DJIA on a long-term chart

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The next is a close up of the action. We can see the expanding megaphone (in Blue) and the L-T resistence line (also in Blue). Also the 50% Fib line is coming back into play.

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All very interesting, going to wait for a defeniant move then 'pounce' - LOL

I'm still favouring the short side.... time will tell

Safe Trading

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