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Tuesday, May 10, 2011

Tuesday

Recap:








And here is the update
Volume lead the market out of the range just as I described 40 minutes ago.
1351.75 has now become support. It may be tested again. But I'm expecting price to run up to the top of the fork. Target 1363-1368.




Here is an example of a pending breakout. The range began with higher volume and has decreased. Look for Volume to increase into the breakout move.






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