Thursday, August 30, 2007

Friday, 8-31-07



Five hours trading at the moving average has started collapsing the 60 minute chart bands. The 120 minute bands are trending sideways so the 60 minute lower band will rise to the 120 band at 1439. Todays projected low is at 1446 making the 1446 to 1439 solid support. Projected high for today is 1463 to 1472. Looking for a low then higher next week to 1490-1500 area.

No comments: