Monday 8 December 2008

divergeance signals slowing momentum


nice area of support at 4600, although I would expect cables to stumble heavily through holiday period, can't rule out sudden probes upwards

can take some time out; or trade the range as forecast in my last entry; dips around 4600 to long and then 5300;

see daily chart pic attached, price trapped in end of wedge... also check JPY pairs for signs of basing at current levels