In light of the total and partial closure across US markets today, I will not be seeking an entry today, and would encorage to do the same in light of expected low volumes.
In any case, if we close this week around the 4200 line or preferably below we will be turning momentum south on the weekly charts. However, beware that days, like yesterday, prior to three day weekends in the US are often countertrend.
Friday, July 3, 2009
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