Week of Monday, May 12th, 2008
My internal indicators are currently bearish to neutral as of Friday last week. This could change quickly as we bump up against resistance. On the downside, if we establish trade below the pivot, we should target S1 rather quickly. If the pivot holds as support, then I am still looking for R2 as our upside target.
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Weekly Pivot/Support/Resistance Numbers:
1436.80 = Resistance2
1412.90 = Resistance1
1398.30 = Pivot
1374.40 = Support1
1359.80 = Support2
The hypothetical profits and losses mentioned in this report do not take into account commissions and fees paid for each trade.
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Jeff Roy
Alaron Research Team
800.929.5600
jroy@alaron.com
There is a substantial risk of loss in trading futures and options.
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