weekly chart of the week, page-2

Paschal

Nice chart there,the bottoming tail achieved last week does show some strength for the bulls.Over the weekend i have calculated my pivots,supports and resistances for wbc for the month of july.I actually should of done it sooner.Anyway $18.83 was my first support point which was hit exactly to the cent.I then have the pivot point at $21.09 and then R1 at $22.26.So if we do get a break above the pivot point, i believe we will then go for R1.R2 is at $24.52,I dont think we will get there.So i will be looking for that $22.26 as my exit.And looking for short entries there.These pivots work very well,you will be surprised how accurate they are,most big players and insto's use these tools and so should we i reakon.

To be honest, if we do get this rally over the month of july which i am expecting,it will be the last before we go alot lower i think.

gunn