Tuesday, October 19, 2010

Pivot Alert

We finally broke that trendline that's been holding since September 1 on the 480 minute.

And we broke out of the sideways channel today on the daily.
The weekly chart is up against strong resistance. But it could just pull back before a run to the upside. The new found strength in the U.S. Dollar helped that resistance hold today.

We don't see a clear sell signal on the monthly chart yet.

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