Feb 25, 2008

Price is above the Daily and 4H Gann HiLo, the weekly momentum is pointing up... I can read this in one way, the trend is UP and bulls are in action. TP of my current longs is between 213 and 213.5 where the 4H 200ema is. Over the last few weeks whenever the price touched the 4H 200ema it used to retrace strongly. That retrace will be a nice opportunity to load more longs before continuing the up trend.