The 1489 double bottom was negated Wednesday as the collapse of the dollar, GMs huge loss, Gold skyrocketing, oil approaching 100 dollars just hammered the markets all day and it should continue today to at least 1459 area. The drop below 1489 does open the door to the 1415 target mentioned previously. Again no low can occur until a full hour trades above the 60 minute lower band.Wednesday, November 7, 2007
Thursday, 11-08-07
The 1489 double bottom was negated Wednesday as the collapse of the dollar, GMs huge loss, Gold skyrocketing, oil approaching 100 dollars just hammered the markets all day and it should continue today to at least 1459 area. The drop below 1489 does open the door to the 1415 target mentioned previously. Again no low can occur until a full hour trades above the 60 minute lower band.
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