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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: yard_man who wrote (1602)3/9/2004 3:27:34 PM
From: Crimson Ghost  Read Replies (1) of 116555
 
110 is MAJOR resistance for the OSX so the pullback is not all that surprising. I doubt we drop below 100 or even below 105 on this retreat.

The next rally will be the crucial one IMHO. If we take out 110 with vigor, then a move back to all the time high of 135-140 is good bet. But if 110 holds again, a more serious retreat is a good possibility.
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