Sunday, June 21, 2009

Channeling EWT

EWT happens to be channeling an approximate $0.30 range, starting this Monday, all through OpEx Friday expiration. Upper range of $9.83, lower range of $9.51. It would be wise to stay out of entering positions until we break out of this narrow range. The open on Monday in Taiwan should be indicative of where EWT will open in the U.S. markets.

The chart:

No comments: