7.10.2012

When 1344.56 holds, bulls still have chances to go up to 1374.81 as the first target

1344.56 - It is the confluence of fib50 from 1422.38 to 1266.74,  the sub-medium-term line connecting 1414.48 to 1363.46 (violet) and the lower line of the symmetrical broadening top I told in the last post.
When 1344.56 holds, bulls still have chances to go up to 1374.81 as the first target.
If price drops below 1344.56, the first downward target would be 1329.xx.



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