Wednesday, June 10, 2009

Play for Wednesday, June 10th

We have broken out of the wedge, and to the upside, as of this morning. Be aware that we have to take out the 4500 area and stay above it to disconfirm the triple top formation, or in any case the range we are in.

Intraday momentum is positive: unless the picture changes dramatically I would be looking to add longs anywhere above 4400. I am out most of the day, so that's unlikely to happen: I'll keep my small long for now.

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