bounce back time

Hi All,

Looking at the chart of CME (Daily) last few days we have seen DOW effect, manipulation, panic selling, stop losses, trail stops all been hit.

Well today CME is at a significant point so far on the chart. It has bounce off the trend line from 1/12/06, 13/6/07 and today @ .055

Today close would be good at or above .06 or better .062 (stronger sign) which it will create "The Hammer" Candle stick, although either color is acceptable.

This would be the beginning of the bottom reversal trend for CME.

Short term Target .065-.067