Monday, June 10, 2013

The battle lines have been drawn

The battle lines have been drawn. Its the bulls vs the bears. Earlier last week, it looked as if the bears were going to wipe the floor with the bulls. Until Thursday that is. That is when the bulls fought back, defended 1597 and also, MA(50). Friday must have been the big gain day for the bulls, but make no mistake, Friday was just about enjoying the spoils of war but it was Thursday which was the important day. And on Friday, the bulls stopped tantalizingly short of the MA(20) mark at 1645, thus setting us up beautifully for this week. This week, they shall fight again. The targets will be the same as last week - MA(20) for the bulls, MA(50) for the bears.

You can follow me on twitter for latest blog updates. Also, here is the link for free subscription to the blog.   
Take care and good luck!

No comments: