Tuesday, January 27, 2009
OSEBX MAJOR MOVEMENT ON ITS WAY?
 Today OSEBX ended at 228.63 down 0.4% from yesterday. Looking back we clearly see that the 217-216 level is strong and as late as the day before yesterday the support level was tested again. There was a reaction up and now we are facing the resistance level at 230. Intraday OSEBX was higher today but the upward force was not strong enough to make sure OSEBX ended above 230. For the days to come it seems like the 230- and 226- levels could play a major role. If OSEBX close above 230 235 will be the next level to look out for. On the downside if 226 fails 225 and 217 are the next levels to look out for. If we take a closer look at the ADX chart we see that -DI and DI are "dancing" around each other. Often this indicate that a larger movement for OSEBX is about to happen. From this we can not say if OSEBX will rise or fall, but if a major movement is happening soon 217, 235 and 254 are levels to look for. RSI is above 50 and some will say that this indicate a positive development. RSI is also showing rising bottoms which is positive. Happy trading SB
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