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.

1 comment:

Anonymous said...

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

Thanks,
Achal