
- On the 13th Jan posting, I mentioned that we have drawn the line 1550 to watch, ahead of time.
- Now lo and behold, the price is flirting continuously with the line
- We also know from my 11 Dec posting that the overall market is weak – and hence this forms our primary impression of the market
- Now that it has broken down from the line of 1550, it has a high probability of going all the way down to 1450 OR it holds at 1550 and makes another attempt to go above 1620
- On the balance of probability, going near to 1450 or thereabout is more likely at this juncture
- I m looking at the 1450 range and a consolidated base will interest me of a reversal.
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