SNSN schreef op 11 november 2014 09:48:
For today: PP=2.547
Resistance: R1=2.575; R2=2.598; R3=2.627
Support: S1=2.525; S2=2.495
The (mid-term) "key resistance zone" ~2.60-2.63 coincides today with the R2-R3 interval indicating “objectives coincidence“ for the short & mid-term horizons. Don’t forget, today is the "critical time” to break through the "key zone" (see last weeks posts). Otherwise, some drift flattening, as well as, “short-term” retreat towards the “old pattern” may be expected (increasing the prob for “top-forming” on a longer horizon - read last week posts)
Since the “critical support zone” ~2.54-2.52 was held, and the yesterday closing was above the recent "falling-top-line" ~2.55 (see yesterday post), the prob to change subtrend and, at least, to test the "key zone" has risen essentially.... But, the “key resistance zone” is reinforced by the R1-R2 at a critical day
Remember, we need to break above the "key zone" (better today) in order to change our "old pattern" (that predicted systemic rising in Dec-Jan), and increase the prob for earlier systemic rising towards the "mid-term" target ~3.0 (see old writings)