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vudragon · 23-11-2004, 19:05

Chunnel may try to break back into the upward TL which lays around 7024-30 depending on how long it takes to try to take it out on the 4hr chart. This pesky Cross has been levitating for quite a while now. ..so trying to break back into the trend sounds like very plausible.

..if so, then expect Fiber to be a bit stronger for a breif period.. this could mean that fiber might hit new highs.
I do expect a failure to break back into the trend... it really looks like it has topped out for a while.

Otherwise the chunnel could be heading for 7150ish, but I really doubt this. Once it starts falling again, cable could be poised for larger gains.

23-11-2004, 19:05	#6 (permalink)
vudragon level 3 Join Date: Oct 2004 Posts: 258 Rep Power: 0	Chunnel - Eur/Gbp Chunnel may try to break back into the upward TL which lays around 7024-30 depending on how long it takes to try to take it out on the 4hr chart. This pesky Cross has been levitating for quite a while now. ..so trying to break back into the trend sounds like very plausible. ..if so, then expect Fiber to be a bit stronger for a breif period.. this could mean that fiber might hit new highs. I do expect a failure to break back into the trend... it really looks like it has topped out for a while. Otherwise the chunnel could be heading for 7150ish, but I really doubt this. Once it starts falling again, cable could be poised for larger gains.