Friday gapped above resistance and closed above the significant resistance at1533 closing at 1535. That has driven the stochastic to a quality overbought condition. Look for a drop to 1515 ma areas then a bounce back to the high by FOMC policy Wednesday. After FOMC I look for a week of down cycle bias. Saturday, October 27, 2007
Monday, 10-29-07
Friday gapped above resistance and closed above the significant resistance at1533 closing at 1535. That has driven the stochastic to a quality overbought condition. Look for a drop to 1515 ma areas then a bounce back to the high by FOMC policy Wednesday. After FOMC I look for a week of down cycle bias. 
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