10:30
Exit all longs @ 6334
The move is completing the R44 range from 6295
Rising upwards from a lower daily open after a 2-day reversal and the market can continue higher. There is nothing to suggest that the market will reverse down after the 44-point completion today.
Weekly Report:- “ A failure around the Weekly 50% level, will be part of the rotation back down after the change of 3-day cycle… I favour at least a 2-day rotation-stall before any up trend is going to occur”
There is only 1 more trading day after today, which will set-up extremely important levels for 2008. (Full Weekly report)
Beautiful day in Sydney, off to the beach….
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