YM on Thu 23 Feb 2012

It is still trading sideway (consolidation) YM has finally its support near 12900 (lowest 12890) and going up to 13000 resistance.

Quote my weekly forecast (posted on Mon 20 Feb 2012):

YM

Similar to Dow, market currently trading at resistance 12930, reckon the rally to continue towards 13100 after market has tested support 12830 pts.

Current support lies at 12830-860, initiate Long if support market bounces off 12830-860. However, breaking below 12830 would bring YM down to 2nd support 12700 pts.

Staying out, and still waiting...

Patience,
Ayumi