The price has been staying above the MA9 and MA for the 2nd day.
The price has also been staying above the Medium-term rising-trend-line for the 2nd day.
The price got back to the mini uptrend channel that hosts the W5.
All that urges me to expect that bull may continue it's way to make W5 extended.
Trading plan for 3/12/2012
When the trio (short+medium+long term) is in uptrend, I don't be bold enough to short the market at resistances. What I am doing is sticking with my long positions or to sell it at resistance and to find chances to buy on pullback.
If bull goes up directly from 1370.75, the target could be 1379.40.
If bull retreats, his defense lines would be 1366.50 - 1361.50
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