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Monday, July 24, 2006

Olam

As requested by Shrek. From the chart, it looks like it has hit bottom at 1.18 when it touch a low of 1.18 and close at 1.24 today. Note that the 61.8% retracement mark from its high of 1.84 is at 1.43. Currently, as long as it can hold itself within the 1.20s region, it can test resistance at 1.30 and 1.43 soon. Caution that any close below 1.18, and we will be looking at sub $1 region again.

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