Wednesday, September 13, 2006 1:29:54 PM
Nice flag formation on the 5 min interval. Range betw .12 - .16. Breakout should take us to .20 at least, imo.
For support on a breakdown of the flag, Fibonacci retracements from the range of yest .0012 low to todays .16 high are:
38% = .099
50% = .08
62% = .06
71% = .047
Also some horizontal support lines @ .065 & .075.
FWIW & IMO.
Unless otherwise stated, any and all information I post is my opinion which is subject to change. I accept no responsibility for anyone who chooses to take any action based upon anything I post.
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