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Wednesday, July 12, 2006

GES

As requested by victor, GES has touched an all-time high of 1.15 and back down. As i was commenting a few days ago on the chat box, it will retraced to the 38.2% mark from its high to rest on 1.03. It is vital that GES consolidates at 1.03 in order to attempt a test on its high again in the short-run. Otherwise, the next crucial support points will be 1.01 and 0.97 failing which, the uptrend will no longer be valid.

1 comment:

Anonymous said...

very good and detailed analysis! someday i hope to be able to chart as well as you do...hopefully it'll be soon!