Monday, March 7, 2011

comments and outlook for 03-08

As I stated in my weekly outlook I expected trading near the top of the range.  We did in the morning.  I also noted the volatility as the longer cycles attempted to push down was being countered by POMO.  We saw that again today with a sell off and partial recovery by the close.  I also said in myr weekly outlook I expected to test the upper end of the range on Mon and Tue.

I see nothing in the shorter cycles to counter that outlook.  See for yourself:

GL traders.  Do your own analysis.

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