pb,
I am concentrating of the "ease of movement" to the downside on the 31st October & the 1st & 9th of November, wide spreads & closing low.
Compare this to the recent gains, which are on much narrower spreads and are sort of grinding up, except for the bar on 27th October, which potentially contained supply.
It just doesn't look like we are getting the follow through to the upside right now.
It's going to take some effort to get through 1,243 and higher.
Are we building a market top ??
Are they just holding it up at the minute ??
It is begining to look like the "path of least resistance" maybe starting to turn towards the downside.
May not be completely ready just yet.
cheers
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- chris fords rambo friday - 11/11/11
pb,I am concentrating of the "ease of movement" to the downside...
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