friday trading, page-16

cw,

So will this be a second failed break or will we get across to the other side at about 3550?

pp,

We currently have a break from that key channel, but will it be just another false break or will we complete the channel crossing to about 3550? Can't see us getting across the channel today so if we hold outside the channel today your suggestion of Monday might determine the outcome.

Also, being a Friday I'd think that all the markets would more likely want to be in sync on their weekly charts so another reason Monday might be a better call. Perhaps we also want to hold 3484-3500 for the end of week?

Anyway, either way will be great for trading with lots of volatility coming very soon either way. I've got strong views we're heading lower but still, I'm not going to pre-empt the move.