Like that little train going uphill. The weekly numbers are 655, 637 and 625. The daily numbers for Monday are 650, 644 and 641. Today it closed at 646. Can you imagine the picture? 641 or 644 are buy points and yes 660 is achievable. There may be a pullback sometime next week but it will not be below 635ish if uptrend is to be continued.
2c
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2 comments:
Do you still think this is just counter trend in a bear?
bigelam
Well, 644 is the first resistance and is broken and the next one is 660 and if that is broken every mother and children will call it a bull market. I stay away from the traditional wisdom. I only consider intermediate term trend. If you go back a few months you will notice every trend is about 2 months. up, down up and down. I will post some charts this weekend and I will show you what I mean. It is a busy weekend for me.
2c
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