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By Jamie Saettele, strategist technical CMT, SR., may 28, 2012 17: 48 GMT
DailyBars
Prepared by Jamie Saettele, CMT
Supporters of the former base channel are now resistance. Comment of last week is still relevant; "deterioration must more likely feelings discharged in the form of a correction, if even next door." In this case, 12724 is resistance. "Price traded on the side for 3 days in which can form the basis for a pop in 12700. Resistance in would present an opportunity to align with the largest bear trend.
LEVELS: 12150 12495 12640 12690 12725 12825
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By Jamie Saettele, strategist technical CMT, SR., may 28, 2012 17: 48 GMT
DailyBarsPrepared by Jamie Saettele, CMTSupporters of the former base channel are now resistance. Comment of last week is still relevant; "deterioration must more likely feelings discharged in the form of a correction, if even next door." In this case, 12724 is resistance. "Price traded on the side for 3 days in which can form the basis for a pop in 12700. Resistance in would present an opportunity to align with the largest bear trend.
LEVELS: 12150 12495 12640 12690 12725 12825
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