Chart comparison of 2007 top with April 2010 top

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Edited by bankster, 07 July 2010 - 11:44 PM.

nice charts and interesting comps.

nicely done B, thanks. my target posted for this es leg up was 1058 - we got it, volume was up marginally but still light. the pattern on the eurusd does not look complete to the upside, eurchf has not yet tagged its breakdown level, bonds are at ST support but at this level can go down with stocks. We had the ES breakdown c. 1070, so it is likely we have enough momentum to get back to 1070 or the imporatnt 1080 level top of the previous range before going down again. yesterday was WWW, MF was positive the last 3 days and the stock call buying was huge - i guess they wont want to let the momentum go to waste when they can sell some more calls. still expect sub 1000 by august.

Updated chart as of today