Tomorrow is a tough call:
If we drop to 1306ish and hold it may be considered short term bullish because it will be a double bottom and stoping on 1297 would be a double bottom also.
Todays action kind of established 1330 as a lower high and if we go below 1297, we will established a lower low which is very bearish.
The two false jump starts in the previous two days kind of denied a bullish push and may be a short term victory for the bears. Not consolidating under 1330 to make a high base is bearish also because strength was not shown after the bounce after 1297 was hit. So I am kind of bearish myself and I think we droped out of the bullish trend.
Watch the videos in poolman's thread later and see what they say.
I've been guessing real good lately but thats not always the case.
I've been trying to guess direction first and then go watch these guys to see how I've done. They may even have a post by now.
http://freeonlinetradingeducation.com/
http://www.thestockmentor.com/market-videos
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