Tuesday, November 29, 2005

Board of Trade

Here is a daily chart of the Chicago Board of Trade.

I thought that the market would hit 153 before 92 but today's low was 90.10. I've drawn a black line throught the downside breakout level at 94.75. I am willing to bet that the market will not spend much time trading below this level and that in a few days a rally in BOT will carry it above 94.75 to stay. I still think a move to 153 is likely before the bull market ends.

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