Wednesday, June 07, 2006

Board of Trade


Here is a daily chart of Cbot Holdings. I last commented on BOT here.

I think BOT has established its low for the drop from the 134 high of March 22. I think the next development will be a reaction to 92 or so which will be followed by a strong upmove. I still think that a move to 168 which is the 2 1/8 mutiple of the post IPO low of 79 is a reasonable expectation.

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