XJO
Has now broken downtrend line that originated from record high.
I see two possible scenarios:
1) Resistance at 4900 then retrace to green line at 4700, or
2) Shoot through 4900 to about 5200 (July - Sept 2008 highs).
I believe the green uptrend line to be most important for the longer term.![]()
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- weekend charting - 01-01-10