Thursday, August 06, 2009

Market Update - Aug 6th '09

Prices are still hoevering the key 1000 level, and i'm afraid it is not possible to know right now whether it will break out on the up side or not. There is some potential indeed, and we could give it a slight bias, but retracement can certainly not be discarded either.

We also note that TF and ES are exactly in synch so neither can pull the other one in either direction...

Nota Bene: There will be a weekoy report this weekend but no daily update next week.