Tradersslog

Tuesday, February 28, 2006

Weekly SF


Seven consecutive red bars ( close is lower than open) formed on the weekly chart seems to be a bearish sign. However, our propriety indicator (the yellow box) shows SFH6 is still in a neutral trending mode. It implies a real and explosive trending mode is expected to emerge in the near future. But which way to go? Not 100% sure. Getting some hints from the 2-yr yield spreads and the insiders' positions I 'll pick the upside.