Showing posts with label Larsen. Show all posts
Showing posts with label Larsen. Show all posts

02 March 2014

LT - Extreme Short Term View









UPDATE
7th Mar

Next target  ~1155. Then some retracement.


Topping here or move to around 1120 should be short term top. Some shorting opportunity on card.
Short below 1100 or at 1120 with TSL
Initial target - 1092/1078
Stop as per RMS.


Options data also suggest heavy bear presence at 1120CE and above and Bulls very weak. Move above 1120 seems unlikely.