Thursday, July 8, 2010

Short term overheat

Typical short-term overheated status today.
Nothing to worry about, usual reaction after a big rise.
More confirmation at larger, 60 min, clear and usual ichimoku resistance battle.
That resistance must be eliminated today.
Clear bullish ichimoku channel setup on the way.

Volume indicators show eliminating bearish and rising bullish volumes. Less and less chance for bearish return.
AI volume filter shows slight institutional gain dump.
We are in with 1 unit since yesterday, nothing to do just sit back and enjoy the show. Let big guys do their game, we dont want to and can't ride all of their game.

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