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Bottom for Cable (for now?)

Posted by Chelski on May 22, 2010 at 8:58am

Bottoming tail on Cable (not favourable close) on Cable weekly and we are also getting some divergence. Daily Chart has divergence in the indicator too. we may just have made a pivot for now.

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Comments

Sabre TT May 24, 2010 at 12:41am

Im not seeing cable as positive in general for now. Below support and near a declining trend?, just a 5 second opinion.

I was really looking at Eur USD which Im looking for some failure this week. This is an important general indicator of sentiment I figure

http://img707.imageshack.us/img707/452/img12746610863542110445.gif http://bit.ly/cUC9hR

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