Sunday, July 01, 2007

ALTI Update for 07.01.2007


Monthly chart shows consolidation and price remains stuck in a range.

Weekly chart shows more clearly the narrowing consolidation range - higher lows and lower highs.

The daily chart shows a bearish gartley butterfly pattern with selling against the $3.75 high, which is a .786 fib area. Is this merely profit-taking or the start of a larger move down? Watch carefully next week for clues as to longer term direction.

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