Tuesday, February 17, 2004
Once again cable outshined the rest as it gained 2 cents yesterday. Conditions are becoming overbought, but now that 1.9050 has been cleared, resistance levels are becoming hard to identify, and this is of little concern in this strong bull market. Allow for some pullback to 1.9010 or 1.8980 today, before cable moves on higher, probably breaking above 1.9100 towards 1.9200. Note that there is little serious resistance now until 1.9600/50 and then 2.0000.
More daytrading information here...
More daytrading information here...
