Here's wishing everyone on the thread, regulars, occasional contributors, advice seekers and lurkers a terriffic Thanksgiving.
For Friday, keep an eye on the 2,1,2 for a neg. hinge, the 13,8,8 for possible deterioration and the 13/3 CCI for any exhibited "lack of conviction". If the above 3 attributes occur in PAIR's TA, it'll go into a period of boredom.
On the positive side, the profiles on the 8/34 the 21/13 and 55/89 MFIs support a healthy day.
That 16 3/8 area is still a bit sticky so price-wise, that needs to be left behind. If it does so, the MFI stuff will kick in more strongly, the 2,1,2 could accelerate rather than decelerate and the 13,8,8 would be shored up.
Doug R |
