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5/3/2007

ER2-2007-05-03-TRADING-PLAN

Filed under: - admin @ 6:30 am

Bulls have been strong lately, pushing hard from support up higher, bears tend to cover quickly and not dare try to push through support. 835 is strong resistance, after that 840. 810 is the sellers signals to strengthen. The rising wedge on the daily chart is shaping to confirm? If the push up here fizzles, could be the confirmation shorts are looking for to take it down past nearest support, 810. Watching for between 835-840, no trade.

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