Tuesday, February 12, 2013

Trade Guideline For Wednesday

Tuesday was the third consecutive day of narrow-range sideways consolidation days. It should continue to do so until it gets a catalyst to trigger a breakout/breakdown move.

Support for Wednesday is 2755-2760
Resistance is 2775-2780

On a separate note, Japan's economic minister wants Nikkei Stock market to surge 17% 10 13,000 by March. It would requires a massive money-printing / counterfeiting by the BOJ to get to that target.