Thursday, November 1, 2007

XING: Double Break Of Support




(Click On Chart To Enlarge)

The yellow trendline off the early October low was validated by a successful retest, where the arrow is. At the same time, XING established horizontal support, in the low 10.80s.


The rally to 11.50 resistance that ensued got only to 11.35, then this, BOTH trendlines broke to the downside.

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