Market Update, 2009.08.13 (YM Weekly)

13. August 2009
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YM Weekly: Using similar techniques mentioned in the last post on the NQ, below is a chart with many of the lines thrown on there at once.  It's okay that the numbers can't be read.  This is just exercise is meant to show where these lines seem to cluster and offer confluence.  As the arrow indicates, we are at one of those areas (approximately 5 overlapping lines between 9408 and 9527).  

If this area doesn't hold, the next possible stop could be 10200's to 10400's (the next cluster higher).

 
 
 
 
 
 
 

Market Update

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