Monday, August 01, 2005


Here is a daily chart of the Chicago Merchantile Exchange A stock. I think it is headed over 400.

I like to think of market prices as climbing up and down an irregular pile of "boxes". Looking at this chart you can see that CME has been struggling to climb up onto the top of its last box at 297. It looks to me like CME has succeeded and now will move to the 1/2 point of the same box at 330.

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