Thursday, May 24, 2012

Bear, just accept it... (Cash levels)

Weekly chart is pointing down. In this environment, one should look for rallies to go with the tide. I will...

Short term charts support the idea of a pullback if price manage to hold above 1316. On the upside, we have several resistances, but for now, just accept the idea of a pullback above 1316. Price might accelerate above 1329.

I am bearish, but I accept a pullback...

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