Wednesday, March 21, 2007

Cautious Opening

09:52pm One can sense the cautiousness in the air...
10:38pm A slow & cautious session so far. Every one's waiting for the "FED Speak".
10:59pm Matched PRIME Support at 1421.00 on the Trading Chart - Signs of weakness in the current down move.
12:18am PRICE movements have come to a standstill.
12:26am Will not be waiting for the FOMC announcement. I am heading to bed. It's already half-past Midnight, over here in Singapore.

BTW, I've just posted a "current" chart of FEDEX (FDX) on my Trading Chart Patterns Blog. It sure looks like the Trend Line Break this time round is for real...Have a look at it here.

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