Monday, December 6, 2010

Quick Update!

Looks like that the market is going to form a higher high(from the previous high but not a new high) this week. There's also a take profits signal for tomorrow on the daily chart for the index as the index now appears relatively toppish already.

AP declined further today losing 1.13% closing at 35. A bearish divergence also appeared on the RSI and ROC so those are warning signals. I would be taking profits if it continues its bearish divergence in the coming weeks.

Currently waiting for the Santa Rally~

AP is up by 29.30% within 30 trading days. One percent a day keeps the bears away~