The markets have climbed and are sitting right at the resistance levels we mentioned last week.
The question now becomes whether we can break decisively above these resistance levels, and then stay above…?
Wouldn’t surprise me if the New Moon on Wednesday brings a peak, followed by downside action for the rest of the month.
This is setting up to become a good chance to use the lunar cycles in combination with trend lines, an approach we describe in the Lunatic Trader ebook.
Good Luck, Danny
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This entry was posted on April 12, 2010 at 2:31 pm and is filed under Market Commentary.
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LunaticTrader
Outlook 12 April
Posted by Danny on April 12, 2010
The markets have climbed and are sitting right at the resistance levels we mentioned last week.
The question now becomes whether we can break decisively above these resistance levels, and then stay above…?
Wouldn’t surprise me if the New Moon on Wednesday brings a peak, followed by downside action for the rest of the month.
This is setting up to become a good chance to use the lunar cycles in combination with trend lines, an approach we describe in the Lunatic Trader ebook.
Good Luck, Danny
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This entry was posted on April 12, 2010 at 2:31 pm and is filed under Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.