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 15th December week

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Hendrick



Posts : 90
Join date : 2008-11-09

15th December week Empty
PostSubject: 15th December week   15th December week Icon_minitimeMon Dec 15, 2008 8:26 am

Last week started with some good strength where many traders get excited and many also thought the worst is over for the rally to commence. However, Friday seems to change the feelings and many are now quite mixed. Based on TA, the bullish uptrend is still intact with a retracement on Friday. Unless the market tank further, we should see a rebound today or tomorrow.
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Hendrick



Posts : 90
Join date : 2008-11-09

15th December week Empty
PostSubject: Re: 15th December week   15th December week Icon_minitimeMon Dec 15, 2008 6:53 pm

Hendrick wrote:
Last week started with some good strength where many traders get excited and many also thought the worst is over for the rally to commence. However, Friday seems to change the feelings and many are now quite mixed. Based on TA, the bullish uptrend is still intact with a retracement on Friday. Unless the market tank further, we should see a rebound today or tomorrow.

Absolutely correct. The bull is still strong.
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