Wednesday, March 29, 2006

20060329 3:40 pm. A simple setup. 1. the 3 moving averages ocme together, indicating the sideways congestion 2 add/subtradt 25 pts from the 20 mov avg to get a trigger price to take breaks out of this range, in this case 15738 3. There is a further horizontal area of support 15741 close to the level identified previously. Shorts taked on breach of these 2 levels. Posted by Picasa

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