Thursday 20 December 2007

Trending Up

















After some heavy fall with subprime woo. market is showing much effort in regaining upswing momentum.
emini2000 ER2. Daily chart shows consolidation into a closing wedge.
basing on fibo. it is trying to hit 769 (.5 retracement)
3min chart show similar potential at 768 too (1.272)

Afternote - price did hit 768.4 before turning.