Wednesday, March 07, 2007

CME and NYX



Here are daily charts of the Chicago Merchantile Exchange and the New York Stock Exchange Group. I last commented on CME here and on NYX here.

CME is acting much stronger than the general market on its rally from the recent low so I am sticking with my 615 upside target. Support for the next reaction is in the 525-30 range.

NYX is not acting as well. Still, I think that it will find support near 76 and resume its move to the slightly revised upside target at 148.
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1 comment:

  1. Anonymous3/16/2007 01:53:00 PM

    Carl,
    The 1.625 multiple of the 48.62 low is 79, not 76. Is that what you meant?

    Thanks,
    Achal

    ReplyDelete