ready to rumble, page-21

Hi SSV,

Being a complete novice take this with a grain of salt.

For the daily chart

My interpretation short term is we have just come out of a downtrending flag formation and are trading sidewards with a little resistence at 1.2 and then a whole lot more at 1.7/1.8 being the 200 day moving average. If we break thru to the upside of this moving average then we should see very good appreciation of the sp.

For the weekly chart


We are still in the flag formation and have more sideways action for a month or two. The top of this formation is sbns high of 7.1 back in september 07. Once we break this weekly flag formation high it is game on people.

Hope this makes sense.

TF