I'm pretty sure the resistance overhead will make itself felt here at ~1050. Looking for signs that this is going to be a reversal day, as per Dr Brett's methodology. (http://traderfeed.blogspot.com/)
Confirmation of the bear trend would require today's morning strength to reverse (pre-10:30 would be best) and 1040 to be broken. If we trade above 1065, stick a fork in the bearish move and gird your loins.
Tuesday, October 06, 2009
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