Friday, October 22, 2010

If I were to guess how the first hour was gonna be this morning, I'd say there will be a test of the overnight high around 89-90, a fall back to fill the gap and test the trendline break around 82, then a push to test Wednesday's high around 98. Beyond that, not sure, but that test has the potential of becoming a 3 day head and shoulders, which could mean that's it for the upside. Of course, withthe bulls in charge (federal reserve), we can surely blast onwards and upwards. Go figure.

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