Wednesday, August 25, 2010

Durable goods @8:30 New Home Sales @10:00

The chart pattern in play for me now is The Wedge. The two arrows show targets I am expecting late August /early September. Remember price never goes straight to target, so there can be 3-4X the actual distance in points taking the zig-zag effect into account. There will be great trades both directions, but my main focus is South.

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