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Dec 18th, 2009: EOD Chart

Posted by pugsma on December 19, 2009

The bulllish ascending triangle count looks like a solid count after today’s price action with a new higher consolidation near 1093.  Closed right at the 20-day SMA of 1102.5.   Still both bullish and bearish options discussed yesterday are on the table.  I continue to favor the bullish outcome at 60/40%.

60-min Chart:

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