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tsafi   Wednesday, 03/26/08 07:50:19 AM
Re: tsafi post# 206
Post # of 268 
The daily chart is showing strong bullish momentum as the slow stochastic is showing no crosses and is still floating at the 50 level. The 4 hour chart shows a moderate bearish cross which might indicate on a local corrective move before the bullish trend resumes. Buying on dips could be a good strategy i think for today.
The cable has been showing bullish consistency and is now traded around 2.0050 which is a key Fibonacci level. A breach through that level will validate a very strong bullish move with a potential target price of 2.0180. Going long might be a wise choice today.
There has been a very significant breach through the very distinct flag formation on the 4 hour chart. The bearish cross of the slow stochastic is supporting the bearish notion, and the next target price might be around 99.20.
After the pair breached through the bullish channel of the 4 hour chart it bottomed at 1.0040 and is now showing its first bullish signals. There is a very distinct bullish cross on the slow stochastic of the 4 hour chart which indicates that the pair might have room to run up to the 1.0150 area. Going long might be the way to go today.

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