AI
Saturday, November 09, 2013 3:40:57 PM
The problem is that everyone is looking at the minute by minute ticks.
Ok...here is a 3 year chart. Big jump end of 2010 and spring of 2012. Except for the nice bump in Jan. our range this year has been .90 - $1.30. A break below .90 and next support is the 200 MA at .80. Break below .80 and mid .50's awaits. Break above $1.30 and we hit the $1.60 area.....above $1.80 = blue skies.
Ok...here is a 3 year chart. Big jump end of 2010 and spring of 2012. Except for the nice bump in Jan. our range this year has been .90 - $1.30. A break below .90 and next support is the 200 MA at .80. Break below .80 and mid .50's awaits. Break above $1.30 and we hit the $1.60 area.....above $1.80 = blue skies.
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