Monday, September 24, 2007

24 Sep 2007

The upward momentum should continue, as there will not be any major news this week that will stop that north bound direction. On Tuesday - there will be a Home sales (but I don't think it will make big impact, even if the figure release is worse off, as this is more or less expected and interest rate has been reduced to solve this problem). On Thursday, there is a GDP , Unemployment claims.

Technically, 2.0115 gives a very good support line. WMA5 has sailed passed EMA55 and EMA21 is also showing momnetum to push through. There may be a dip on the CCI(34) indicator, but will not be below the median of the BB.

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