Friday, September 7, 2007

9-07-07 Intraday


You can see a down up down correction pattern that has solid support at the low 1450s to 1447. As the 120 minute chart band contracts and the 60 minute chart stochastic drops below 1.0 a buy signal is given. We are on a sell signal from 9-04-07 last hour of trading at the 1490 area. On these short term buy sells at 40 points we just take it then wait for the buy signal. Odds are early Monday we will be at a buy signal condition.

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