A possible scenario may be price consolidation with tight range right under resistance level; ultimately waiting for news catalyst to gain momentum to pierce the supply line or continue its downward slide.
Wednesday, March 23, 2011
Location location location....
Almost all regional indexes close near their respective critical resistance level today! Is this a conspiracy move by the big players? What happen for next few days is really worth watching....
A possible scenario may be price consolidation with tight range right under resistance level; ultimately waiting for news catalyst to gain momentum to pierce the supply line or continue its downward slide.
A possible scenario may be price consolidation with tight range right under resistance level; ultimately waiting for news catalyst to gain momentum to pierce the supply line or continue its downward slide.
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