November 30, 2013

  • Apple month chart shows price closing above 20 Month SMA. Weekly chart shows price closing above the cloud and 50% Retrace level. If a correction happens in daily chart next week the above mentioned levels may now act as support.
  • Next resistance level or target area is the Golden ratio seen in weekly chart at 583 level. Daily chart shows a possible resistance line which may result in a pullback before price move up again.
  • SILVER Trend update


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore