Thursday, November 8, 2007

Intra-Day Update

The 5 minute chart is starting to look constructive on the long side and with the quick penetration of the lows and a rally back above we may have just put in a short term low.

My concern however is that the triangle pattern that we went short off of has not satisfied its downside target which is quite a bit lower at 1461-1462.

So until things clear up a little more I will stand aside.


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