Posted On: 12/01/2013 8:16:34 PM
Post# of 2561
DRYS Daily Chart ~ Up Another 12.79% for the Week
As the global economy continues to gradually improve, the shippers are now in play. Our entries to as low as the 2.60s/2.70s in late October saw two strong gaps once the declining tops line was taken out. A close above the 3.49/3.54 previous tops is what I am now hoping for. Should that happen, then the 3.85/4.00 top is our next target. GLTA
As the global economy continues to gradually improve, the shippers are now in play. Our entries to as low as the 2.60s/2.70s in late October saw two strong gaps once the declining tops line was taken out. A close above the 3.49/3.54 previous tops is what I am now hoping for. Should that happen, then the 3.85/4.00 top is our next target. GLTA
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