25 Feb 2008

GJ Hi 211.47
Lo 210.75

Resistance line at ~213 (1 day chart EMA 55)
Support at ~210.76 ( 1 hour EMA200), in addition, Fib retracement (daily chart) still holds at ~209.0

Place Long Limit 211.47, TP 212.47, SL 210.47
Place short limit 210.75-0.25 = 210.5, TP = 209.5, SL 211.5

GU
I am expecting a movement that is kept within the EMA21 and EMA55 (daily chart). That is 1.970 and 1.961, before a breakout.

As such, long and short order can either be placed to cstch the whip saw movements or simple wait for the breakout.