Week of Monday, September 2nd, 2008
My internal indicators are currently neutral as of Friday last week. This could change quickly. On the downside, if we establish trade below the pivot, we should target S1 rather quickly. If the pivot holds as support, then I am still looking for R2 as our upside target.
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Weekly Pivot/Support/Resistance Numbers:
1319.20 = Resistance2
1300.80 = Resistance1
1281.70 = Pivot
1263.30 = Support1
1244.20 = Support2
The hypothetical profits and losses mentioned in this report do not take into account commissions and fees paid for each trade.
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Jeff Roy
Alaron Research Team
800.929.5600
jroy@alaron.com
There is a substantial risk of loss in trading futures and options.
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