Friday, July 30, 2010

Where are we going?

I hope you can see the two black trendlines I've drawn over this chart, showing a wedge I alluded to in the last post. There are two magenta trendlines at the end of the wedge. It seems reasonable we may end this rally near there... This, of course, is just an educated guess, don't take it as gospel....

(Click to enlarge)

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