charts & thoughts (october), page-32

been out for the morning, just got back.

Well, forget the test, the market is to strong right now.

There is potential resistance of various strengths, from $1.565 all the way up to $1.705.

I've just got home so I havn't even opened the intraday charts yet.

Just have too see how much strength we have today.

I am really liking to Materials chart & the Metals and Mining as well.

I suspect there might be some sector rotation going on, as there has been a little weakness (profit taking ??) in some sectors that have been much stronger previously, and the Materials (and metals & mining & maybe energy), has formed a potential bottom and is breaking out, although I cant completely confirm that yet.

cheers