Monday, January 7, 2008

Signs of turning

A technical signal, firstly volatility is decreasing and secondly every time there is a 20 point gap from the forecasted value, it will move back towards that point. Especially when the daily H&S is more than likely completed. Conservatively, from 657 to 676 and since it closed at around 662, a 15 point rise from here will net approx. 5-6 dollars, time value discounting including. Tomorrow's numbers are 667, 662 and 658.

2c

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