Thursday, March 28, 2013

EUR GU EJ 28 Mar

Not sure if the big boys will have today as their effective quarter end with the holidays coming up. A performance bonus based on profits could be improved if positions are stretched at the close. Would have to think for EUR and GU that would be more downside.

EUR - D negative close, 4hr flow lower high lower low, no divergence, bias down.

GU - Small negative close back below our 8lwma and RSI crossed lower, hardly a strong close though. 4hr lower high lower low in play, no divergence, bias down.

EJ - D negative close, 4hr lower high lower low with a bounce from the weeks low. Bias down.

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