Thursday, January 8, 2009

Morning Observations 01/08/09



The market is remaining above the 62% correction level.



As the futures is trying to test the morning lows, the Advance - Decline Lines is showing strength relative to yesterday and the early morning trading.



The market is in a narrow range with support at 893.5 and resistance just below the high of yesterday's last hour of trading at 905.25. The $TICK is also at a higher level than yesterday.

Charles

No comments:

Post a Comment