Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lucretius who started this subject	10/26/2001 6:20:47 PM
From: Haim R. Branisteanu	of 436258

December Henry Hub natural closed higher on Friday as it extends this month’s short covering rally and confirmed Wednesday’s breakout above the April/August downtrend line. Friday’s high-range close leaves the door open for additional strength on Monday as the seasonal trend points to higher prices into mid-winter. Stochastics and RSI are becoming overbought but signal that additional strength is still possible. The December Dollar posted an inside day with a slightly higher close on Friday thereby leaving Thursday’s key reversal down unconfirmed. December is at a crossroads having spiked above September’s high, which coincides with the 50% retracement level of this summer’s decline at 116.65. Multiple closes above this resistance level are needed to keep this fall’s rally alive. Closes below October’s uptrend line and Thursday’s low at 115.45 would all but confirm that a short-term top has been posted.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next