eu.l.seng
Long

US30- CONTINUING WITH THE RALLY

FX:US30   Index of top 30 shares on Wall Street
84 1 1
US30- HIGH PROBABILITY OF CONTINUING WITH THE RALLY TO 17400 -17700
Comment: i dislike this conjestion for too long a period.
Comment: must be out of the area and heading upward by today
Comment: clearing 17200 is critical at this stage
Comment: sever reaction once it hits the top ML line at 17285. it should stay within 17000 for this rally to be intact
Comment: this upward reaction is critical and be real for continuing the rally
Comment: Now with this PF confirmed, now we are at HML zone. some distributions are expected
Comment: waiting for it to break out of this zone, then towards 17800, or a breakdown here.
Comment: 17700 is the immediate target
Comment: we are closing in to the down trendline at 17670, and clearing it is critical for this rally
Comment: so we had broken out of the down trendline, And back testing atis zone. promising so far
Comment: My best rally since 2 weeks ago posting, see the powers of PF
Comment: critical to see the last push to 18050. as we are at the top HML of this up trend. Part profit taking time
Comment: looks like nicely done with another 160 points to go . Is this a short term rally? Anyway my profit taking time, and see how it pulls back.
Comment: looking at it, we are at the 2nd wave only. of cause we are expecting a pull-back , But non significant,

Overall still bullish
Comment: Overall still bullish
a small hammer is formed today. a bullish sign in this shallow pull back
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