weekend charting - 01-01-10, page-7

  1. 10cents
    2,397 Posts.
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    02/01/10
    13:19
    Post #: 6098282
    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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    lightbulb Created with Sketch.  Great analysis
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