Tuesday, December 1, 2009

Top of the Flag again


Click on the chart to enlarge.
We have been trading within a box for nearly three weeks. The box has formed a flag off of the run up from the 11/2 low.
Tomorrow look for the MACD fast line to hit the MACD slow line and watch for fast and slow stochastic lines to come together.
A push above the box will give an initial target of 1120. A break below thebox will find support at the 50 day simple moving average.

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