Saturday, December 29, 2012

1390 Support

Here is the chart from Friday  I added some labels to it but like I said, I wouldn't rely on it as these are periods that render technical analysis useless IMO. No wave count or MACD could possibly predict how house republicans will vote on the proposed fiscal cliff legislation, once we get the news then we can go back to the tools that have helped us in the past few months. In the meantime, it seems like the tone is mildly optimistic so we shall see..

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