Posts Tagged ‘fibonace’

• Pullback
  alphatrends, November 25th, 2008 at 12:17 pm

  The Qs will need to hold the 2730 level on a closing basis and the 3 day VWAP~2700 intraday if we are to have any confidence that the market can add to the recent gains. This pullback should be welcome as it will provide good long entries, but only if it holds. Wait for support to form and then momentum to build before lower risk purchases can be made.