Friday, May 13, 2011

Trader Update -data point 13 May 2011-

Blogger .com down -apologies-

Today;s session:

...range trade continues with parameter levels *1329/*1360 into weekend - above *1329, a break above *1360 is expected to propel trading into upper channel resistance current *1418 - higher risk of a top forming above *1388 (+)

...index above *1329 intraday Low - closes comfortable *1338 into the weekend - possibility for further consolidation within the range for another couple of sessions

Kind Regards

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