Next Day Trading Ranges for Wednesday Apr 09, 2008

The 20 day moving average of the daily trading range is 198 and the 60 day moving average of the daily trading range is 174. This shows that volatility has increased in the short term. The percentage of down days when the open/high ratio is less than 25% is 76.42 percent. This means that if this PAR does not rise more than 49 PIPS from the opening price then there is a 76.42 percent chance that this will be an downday.

The [R3] or the most extreme high trading range is 82.98.

The [R2] or the extreme high trading range is 82.53.

The [R1] or the high trading range is 81.85.

The [P] or pivot point is 81.40.

The [S1] or the low trading range is 80.72.

The [S2] or the extreme low trading range is 80.27.

The [S3] or the most extreme low trading range is 79.59.

Next Day Alternate Stops for Wednesday Apr 09, 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 82.53 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: 80.20

Current Day Trading Session:

No signs of downward momentum at this time.

Next Day Trading Session:

If the next day’s close is below 80.30 then that could be a sign that new downward momentum is beginning

REMEMBER: NEWS OVERRIDES TECHNICAL ANALYSES !!!!!!!!

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