KLOFFE 16/2/09

Even though we have both the Stochastic and the MACD crossing up and continue to rising which is usually bullish. But with the ADX is still lying dead, we would have to pay attention to the Stochastic rather than the MACD. As the Stochastic is fast approaching the overbought zone, we would have to place our stops tighter which is now at 898.

The weekly chart's Stochastic and MACD are still positive and continue to rise and price stay above the Bollinger Band bottom, so we still remain mildly bullish.

We would need to see prices close above its recent high of 942.50 in order to feel more bullish about this market. At the moment , just treat it a trading market.