Quote from duard:
08-08-07 03:55 PM
Spoos tangling with overhead resistance at 1500?
Support at 1440 area resistance 1500.
A pause to refresh perhaps.
A chance for those that missed the initial buying opportunity if move back down to1450. A chance for further short covering?
THEN
Some are calling for 1600 in the spoos.
If so for 2007 then back to 1425 area at most once before a 10% to 1600 before rolling over.
If you look at the market hedged in EURO's or gold our markets really haven't been that stellar.
Nice!!!