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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (126124)	7/30/2008 12:03:12 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 314137

I prefer to think that the trend line established by the lows in early May and mid-June that points to $890+ will hold. Alternately, support exists on the trend line that links the highs of mid-April and mid-late-May. If these trend lines breaks... then we go down rapidly. These two trend lines forms the consolidation triangle that started this spring. $910 is an area of support and the breakout point of a month ago. The stochastic is approaching oversold level and suggest a bottom is near Of course this is what I see as the best odds. Your suggestion is a good alternative.