Previsão Nas Comp.
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Previsão Nas Comp.
For Tuesday, the index may or may not have additional upside again. If it does, it will likely be limited to resistance near 1467 or somewhere below 1520. Resistance near 1520 is not expected to be reached. A move below 1442 could begin a reversal with a move below 1418 confirming the reversal. Next support is near 1400 and then 1328.
A major top appears to be developing and it is possible that the corrective pattern in process since last July is coming to an end with a terminal pattern developing in the short term charts and the failure to reach the 1520 high creating another lower high. Any move below the 1328 point confirms the action and suggests a new major bear trend may be at hand.
Potential range for 2003: High 1520, low 900. Targets will be revised as conditions evolve
A major top appears to be developing and it is possible that the corrective pattern in process since last July is coming to an end with a terminal pattern developing in the short term charts and the failure to reach the 1520 high creating another lower high. Any move below the 1328 point confirms the action and suggests a new major bear trend may be at hand.
Potential range for 2003: High 1520, low 900. Targets will be revised as conditions evolve
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