Monday 17 March 2014

Correction or a new rally?

4 comments :

  1. Hi Bouraq, any thoughts on coffee?

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  2. Hi Andrei,
    I'm not that bullish anymore on Coffee. It ran its course and I exited around 190. A bit too early but I was worried about the extreme bullishness. It also hit the broken channel resistance which makes me think that we may get a very deep correction from here. I will post something tonight.

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  3. Hi Bouraq


    I'd guess this is the 5 trying to get to the missed upper bb's. I forgot that 4's can take several days to unfold.

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  4. Yes Rob it's coming quite strong but it needs to break over 1875 to convince me that it will make one more all time high.

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