Wednesday, July 26, 2006

First signal is a sell signal for the morning 072606

Market looks like it wants to retrace some of the move up first before moving higher. Resistance at the .382 fib level and backend resistance at 1273.25. 1269.00 is current support for now. 60min chart and 120min chart in position to trigger sell pattern if 1269.00 support breaks and becomes LIS.

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