Tuesday, November 6, 2007

IPVG direction please?

My friend AgentT ask me to look at IPVG, where is it heading?

It's one year trend is still intact, at a very healthy 45 degree slope.

Previous channel from Feb - Jul , 2007 seems to be repeated from August to date.

After Feb - July channel, it went up to 11.50 and went down again to consolidation. Assuming history will repeat itself for IPVG , mirroring that previous price action, it could go as high as 13.50 when it breaks at 9.0. If I enter IPVG I should plant the bomb at 9.0. So I won't explode with my own planted bomb.

Good luck !

Image Hosted by ImageShack.us
By tradingbless at 2007-11-07

No comments: