Wednesday, September 17, 2008

Moment of truth

We are here at the moment of truth whether this probe is going to hold. Many attempts to break the downside has not garnered the interest of big initiative sellers. The bigs delta is now net negative which led to the break down of the structure. So far the 60s are still holding. A failure of this probe will be significant for the strength of rotation upwards. Heres the PNF. If this probe does fail we need a big buy response to confirm the support. The buy response did not follow through during the prior probe of the 80 level. We need a much bigger volume than the prior upmove.

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