We broke the dotted trendline that was acting as support and resistance for the last 6-7 weeks. We also broke down out of a rising wedge. Conservatively I am looking for a pullback to the green trendline for the short term. Looking for a larger pullback possible in the intermediate term to about 79.
Monday, May 11, 2009
Ok finally...we broke the dotted trend line..
We broke the dotted trendline that was acting as support and resistance for the last 6-7 weeks. We also broke down out of a rising wedge. Conservatively I am looking for a pullback to the green trendline for the short term. Looking for a larger pullback possible in the intermediate term to about 79.
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