Friday, November 23, 2012

1400 important line in the sand

Support becomes resistance, we are now at the Bernoulli 100 channel.   The other side of this channel is my Polyanna Timmy and Bennie pump the market whilst TPTB capture their capital gains in 2012, which is a lower tax year than 2013

However, good chance this stay as resistance.   And the structure since August is really a Head and Shoulders and this is the backtest.   Which would be quote bearish.

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Insightful and Useful Comment!