The larger picture (23-12-2011)
By
kaboooooom_in at 2011-12-23
OK, So it looks like the current bearish resistance trend line is coming all the way from the high of March and resistance for today (23-12-2011) seems to be at around 100.7 which also coincides with 61.8% level ($100.57) on the Fibo. So, if on the EOD charts in the next 2 market days, the price starts to go down (make lower bearish candles), it would seem a great opportunity to short. What say seniors?