Thursday, May 20, 2010

Top 40 60 minutes chart


Just as I am typing this Top40 is breaking support around 23450 and is going for the next one which is in the 22900-23100 region (double red horizontal line).

If we look back, Top40 was trading in nice up channel (blue lines) from March 2009 till just few weeks ago. It broke it on May 5th then retested it on May 13th and from there on it is just downslide. Target for that breakout is around 21200 and that is exactly 50% Fibonacci retracement level drawn between low of March 2009 and high of April 2010.

To me, more weakness is expected, but watch 22900-23100 as possible support and bounce. If that level is broken, than Top40 will get to 21200 in no time.

Trade with trend!

9 comments:

Anonymous said...

It's truly a nice and helpful piece of info. I am glad that you simply shared this useful information with us. Please keep us up to date like this. Thank you for sharing.

my website: airplane game

Anonymous said...

Write more, thats all I have to say. Literally, it seems as though you relied on the
video to make your point. You definitely know what youre talking about, why
throw away your intelligence on just posting videos to your
weblog when you could be giving us something informative to read?



Here is my web site - healthy diet plan

Anonymous said...

I'm really impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you customize it yourself? Anyway keep up the excellent quality writing, it'ѕ
rare to seе a great blog lіke this one theѕе daуѕ.


my webpage anti aging veloura

Coach Factory said...

oakley sunglasses, oakley vault, jordan shoes, polo ralph lauren outlet, burberry outlet online, michael kors outlet online, true religion, christian louboutin shoes, tiffany and co jewelry, louis vuitton outlet, gucci handbags, christian louboutin outlet, nike shoes, michael kors outlet online, longchamp outlet, tory burch outlet, coach outlet, red bottom shoes, louboutin shoes, ray ban sunglasses, coach purses, michael kors outlet store, air max, louis vuitton outlet online, cheap oakley sunglasses, coach outlet store online, coach factory outlet, prada handbags, chanel handbags, ray ban outlet, longchamp outlet online, kate spade outlet online, burberry outlet online, louis vuitton, polo ralph lauren, nike free, prada outlet, louis vuitton handbags, michael kors outlet online, michael kors outlet, michael kors outlet online, louis vuitton outlet, kate spade handbags, longchamp handbags, nike air max

Coach Factory said...

barbour, oakley pas cher, abercrombie and fitch, nike air force, mac cosmetics, ray ban uk, air max, guess pas cher, vans outlet, hermes pas cher, michael kors uk, nike roshe, ralph lauren pas cher, timberland, hollister, longchamp pas cher, sac michael kors, lululemon, sac vanessa bruno, michael kors canada, sac louis vuitton, mulberry, north face pas cher, ray ban pas cher, longchamp, converse pas cher, chaussure louboutin, nike blazer pas cher, longchamp, nike trainers, nike roshe run, lacoste pas cher, louis vuitton uk, scarpe hogan, nike huarache, tn pas cher, louis vuitton, hollister, louis vuitton pas cher, north face, ralph lauren, nike air max, new balance pas cher, vans pas cher, roshe run, abercrombie and fitch, nike free, nike free pas cher, hollister, burberry pas cher

Coach Factory said...

north face outlet, bottega veneta, rolex watches, canada goose, reebok outlet, north face jackets, moncler outlet, beats headphones, ugg boots, nfl jerseys, marc jacobs outlet, chi flat iron, canada goose uk, babyliss pro, insanity workout, timberland shoes, birkin bag, canada goose pas cher, giuseppe zanotti, lululemon outlet, jimmy choo shoes, soccer jerseys, canada goose outlet, new balance outlet, asics shoes, canada goose outlet, celine handbags, moncler, ugg outlet, moncler, mont blanc pens, instyler ionic styler, iphone 6 case, hollister clothing, ghd, p90x workout, ugg soldes, soccer shoes, uggs on sale, nike air max, herve leger, wedding dresses, canada goose outlet, baseball bats, mcm handbags, moncler, ferragamo shoes, valentino shoes, uggs outlet, ugg

Anonymous said...

e cigarette, e cigarette, best electronic cigarette, e cigarette, e cigarette, ecig

Esraa Abbas said...

http://www.prokr.net/2016/09/treatment-of-cockroaches-4.html
http://www.prokr.net/2016/09/treatment-of-cockroaches-3.html
http://www.prokr.net/2016/09/treatment-of-cockroaches-2.html
http://www.prokr.net/2016/09/treatment-of-cockroaches.html

Lamiss Ibrahim said...

nice
http://www.kuwait.prokr.net/category/anti-bugs/
http://www.kuwait.prokr.net/