Tuesday, April 14, 2009

EJ and GU

EJ also looking very weak. It broke down below its daily support at 131.25
and going down further. Those who are not short in EJ yet can wait for EJ
to move to 130.7 or so (if it does move there) to get into shorts for a
minimum of 100 pips.

As for GU, it has strong support till upto 1.4850. Clean break of that
support will cause a fall for atleast 100 pips as well.

I am just trying to post this blog entry through my email. Dont know how it
comes up on the blog though.


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