So when blue line is broken, the target is blue box. But then it breaks red support line, and target is red box; then breaks green support line, and target is green box; and finally breaks July low, the yellow line.
Most likely, the FOMC will want to stand pat at the next meeting on Sept. 21 as the political season heads into high gear. The following meeting is scheduled to begin on Tuesday, Nov. 2—Election Day—and end the day after the votes are counted. By waiting until then to take more dramatic action in the form of further outright quantitative easing—QE2—the Fed can dodge accusations of influencing (or being influenced) by the mid-term elections.
this is spy picture that I did not put out last night.
today's open is right at the joint support.
do not know whether we would retest the lines thought.
looking at the weekly chart, all index are holding at the bottom of a uptrend channel . Today is Friday, so i think we might not see a significant movement in upwards. next week will determine whether we will breakdown this uptrend channel or bounce back up in the channel.
狗仔卡
发表于 2010-8-11 09:15 PM
发表于 2010-8-12 03:08 PM
