Wednesday, October 5, 2011

Target

This is kind of an educated guess, you never can tell what events or areas of support or resistance will set off different reactions.

 We have a Bollinger Band Squeeze, which tells us a directional move is coming, from the 3C charts I am expecting that to be a pullback... Also the Demark-ish Indicator (What can we call this thing?) is firing a 10 min sell signal.

 The 50 bar m.a. on a 10 min hart has held the trend well, so I'll use that.

And would make a best guess that the target will be around that moving average, give or take a little-$111-ish.

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