Crystal ball glazing this morning

[kwagga]

I went through a lot of charts this morning and all I see is resistance levels met on shares that bounced in the last week, and some shares that dropped in the last week not on support levels yet. Market uncertainly is all I can see. So don't over commit on this market. Some of the major technical signals can just turn out to be damp squids. One share I think could come down a bit is OML. I went short @1418. If it comes down nicely today I think I'll take some profit.omo

[john_1]

Kwagga... check out the industrial index..and the findi (finacial and industrial index.. both on 3 year resisitance and just short of all time highs.. a pull back here might happen but if it breaks out you want to be long for the ride..

[kwagga]

John. Yes, also a huge reversed head and shoulders on the US fin index, but like I mentioned before, this could just turn out to be a damp squid. Uncertainty rules the market, and we will need some very positive news to break that resistance, even if it just seem so close you can smell it. I wait for the event before getting in - lets just call it high probabiility trading.

[carrot]

squib