Review of last night's ES Futures Trades. The ES continued making higher PRIME Highs & Higher PRIME Lows on the Trading Chart. With the TREND Chart still pointing up, LONGs are still favoured. However, with the last PRIME Support on the Trading Chart only being at 1429.25, I would exercise some caution here for LONGs...especially with current Globex PRICE movement being at 1432.75 right now (4:10pm - Singapore Time). A breach of this level would give us a warning signal of a possible change in PRICE direction.
Latest News posted on my football blog at http://yourfootballpoll.blogspot.com:
Singapore Beats Thailand 2-1 in 1st Leg of Asean Football Championship Finals
Singapore beat Thailand 2-1 in a match remembered by the somewhat childish behaviour shown by the Thai National Team. With the score at 1-1, Singapore was awarded a controversial penalty in the 83rd minute & the Thai players reacted by walking off the pitch! This was not helped by the Thai coach's adamant reaction too. The match was delayed by as much as 15 minutes before play was resumed. It will really be interesting to see what FIFA has in store for Thailand.
Now, back to the markets...
10:51pm We are currently in "chop" territory.
11:30pm Quite a bit of indecision. Guess it's best to stay out of the unnecessary whiplash, with the FOMC ammouncements later in the session.
11:47pm PRICE is still going up. Not failing as yet.
01:11am No trades tonight. Totally sidelined. G'night all...
Wednesday, January 31, 2007
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