28 Jan 2013

We are at overbought levels on a Daily time frame and although we are seeing a cross down we should look for a cross below the 80 line on our Stoch to confirm at the least that the trend has changed on a daily level.  So for now we are still bullish.  Be aware that these types of rise is ever increasing with weaker and weaker signals therefore be cautious for a rapid move to the downside.  Its not a bad idea to take some off the table.