Daily Murmur 01/02/11

by Gary Glover




The weekly reversal bar is a bearish candle but looking back historically it's normal to see this set up, well before any significant high really is in place.  9 weeks of making consecutive new highs is a bit long but they can get to 10-12 weeks sometimes so although this market is due for some sort of correction soon it's more likely to extend a little higher in the short term first. 




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