Good evening everybody, we're still in a phase of laterality now well defined. We can find support and resistance and to define their break through the trend of short and medium.
Tomorrow the support and resistance of the medium will be 19450 and 21510, I understand that a focus on intraday these count for little, but I believe it is important not to lose sight, always have a clear picture. As for the short, if tomorrow morning we derived during the first hour of trading were to test 20,260 again, that would be a great point of purchase, provided with tight stop, but if there were to be a gap I would keep out of the market waiting for developments. This morning I said not at all convinced that the stock could rise, in fact we had almost a constant descent, and so will be tomorrow if we were to break the minimum today. So in summary to avoid confusion, my operation tomorrow will be as follows: if the gap up
remain flat (maybe then place the entry into chat during the day);
in the first hour if there should be a return on 20260, purchase stop and reverse to 20200.
To close I want to venture a prediction that does not mean anything because what counts are support and resistance, however you want it to say, likely Thursday 25/11/2010 on at least two possible levels: 19500 if broken and the first 18000.
Remember it is only a forecast, however in the meantime if I should break 20,260 short as I wrote above.
Good trading to all.
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