Tuesday, January 5, 2010

More Potential Breakouts

For those of you following along on the /ES futures channel, the 75% line continues to act as resistance...


Not much else changed today, so we'll get right into more potential breakouts for tomorrow's session...

AFAM


AIRM (Thin)


EPAY


CYD


LZ

I was talking with Kenny earlier this evening and he reminded me that the price target of the inverse head and shoulders pattern from the March lows was around 1226 (946-666=280 added back to the neckline at 946 gives you 1226). How soon we forget. Whodathunkit! What seemed like an impossibility now actually seems plausible, as nearly two-thirds of the move has completed...
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