Wednesday, November 28, 2012

Trade Guideline For Thursday

A gap-reversal day on Wednesday as traders rushed in to go long way above 2600 support, an indication of a very strong uptrend.

The rally stopped almost exactly at 2665 key resistance. Going forward, it either rocket up above 2665 resistance going to the next resistance at 2695 and then 2710, or pullback down from 2665 down, first support is 2640.