A sell signal was confirmed when this par closed below 207.0800 on Jun-02-2008. 4xgenie Action: ==> Sell this contract at 204.45. Stop at 209.89. Wave 5 could drop down to 194.63 or to 190.56. NOTE: A consolidation of price movement or a price correction may be underway. The CCI has crossed below 100. Look for falling prices soon.

MONTHLY PIVOT ALERT: Support level of 206.12 was broken today. When the monthly pivot point is broken - we can look for a possible drop to the monthly S1 ( support level 1).

TRENDLINE ALERT: Support level of 205.4500 was broken today. Look for a possible drop to the next support level.

Next Day Trading Ranges for Monday Jun 02, 2008.

The 20 day moving average of the daily trading range is 225.8 pips and the 60 day moving average of the daily trading range is 290 pips. This shows that volatility has decreased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 57.14 percent. This means that if this security or future does not rise more than 57 pips from the opening price then there is a 57.14 percent chance that this will be an downday.

The [R3] or the most extreme high trading range is 212.40.

The [R2] or the extreme high trading range is 210.75.

The [R1] or the high trading range is 207.98.

The [P] or pivot point is 206.33.

The [S1] or the low trading range is 203.56.

The [S2] or the extreme low trading range is 201.91.

The [S3] or the most extreme low trading range is 199.14.

Next Day Alternate Stops for Monday Jun 02, 2008.

The red line to the right on your chart is an extreme support or resistence level for the next trading day.

A good alternative stop is one which is placed just beyond this extreme support/resistance level.

In this particular case if the price rises above 210.75 then that would show momentum against 4xgenie’s short position and that would be a break out to the upside.

Please Note: These support/resistance levels are calculated by using the previous day’s trading range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.

Alternate stop: 205.61

 Current Day Trading Session:

No signs of downward momentum at this time.

Next Day Trading Session:

If the next day’s close is below 204.45  then that could be a sign that new downward momentum is beginning.