Weekly Review - Week ended August 29, 2008

The week started started indecisively. We could not draw any strong signals from price action. However the supports and resistances calculated were good and gave small profit making opportunities.
Towards the end of the week a clearer picture emerged and we made a killing on the 28th and 29th with near perfect calls.
In the coming week (Starting September 1) we are looking for signals of an end to the intermediate down trend and possibly the establishment of an intermediate uptrend.