Wednesday, March 22, 2006

Chicago Merchantile Exchange


Here is an updated daily chart of the Chicago Merchantile Exchange.

CME has been leading the bull market upward for the past three years and as yet shows no sign of weakness. It has alreading exceeded my initial bull market target of 411 and has reached the secondary target at 441. Right now I think support at 416 will hold and that the market will proceed upward to my next target of 500.

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