I posted a long term chart a week ago.Here is September contract.Looks like a test of the high (which was almost Gann 100% off low resistance.)Possible we see a false break.Obviously we could keep going so the trade is to wait for a reversal (or buy a breakout) Low 386,high 764 2xlow =772
Another way to look at this - 1 year move (360 degrees) and 400 + 360= 760
Sunday, 28 August 2011
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