Weekly Report 24th Nov 2007 Part 3



28th November...

This is what I wanted to see happen on Global markets, November levels support the markets, and begin the swing back towards the December 50% level before the next trend develops.

This move on US markets above the 3-day highs and Weekly 50% level is the first sign that a major bottom has been set, but only for November. Any follow through is going to be determined by next month's levels.

How far the rest of the trading week travels upward is going to have a bearing on the Direction for December