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Homework for Thursday 2009.02.12

11. February 2009
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ES - Wow, Tuesday gave one of the smallest daily ranges we've seen in weeks.  Without much progression in either direction, yesterday's analysis stays (cautiously) true.  However, a big factor recently is a descending trendline, which is now at 827-829 on Thursday.

 

6E- It looks as if the Euro is currently facing a symmetrical triangle (light grey lines) within a larger, daily symmetrical triangle (brown lines converging from the top and bottom).

Homework