momentum traders getting set?, page-9

Ok here are some historical facts on the sp of cxy:

09/09/08 highest was 0.15
06/10/08 highest was 0.26

Therefore, short term reach will be $0.150, which i think will be highly achievable this coming weeks. Then next resistance will be $0.260. Now bear in mind that last year in june, we were no where near as we are today and still it went as high as $0.260

So in a logical sense, when this burn will be successful which i strongly believe it will be, $0.260 will be attained, and then ladies and gents. I give you the sky! a very clear and blue sky.

Happy trading folks!