Monday, May 11, 2009

Updated chart

I mentioned that i thought Friday's trading would be a pivotal point, i think i might have been correct - time will tell.

Below is an updated graph with the top of the 'red' channel being hit then rejected. I think we are coming into a 'squeeze' period and a 'pop' is coming - my guess it short and i'm waiting to pull the trigger

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First target is the bottom of the 'black' channel then fib lines

-Also, we may pop upwards; top would be 4200.

Safe Trading

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