Appears the technicals from last month still stand, we need a close above .62 to move forward. Best historical view is a 4 year chart, it is clear a trade above .74 and it is blast off.

GS40

JULY 8, 2010:

If you can, pull up a 20 day chart and draw a trend line across from the bottom (July 15) the beginning of our run up...thru the dip on July 2nd. you will see support between .48 and .50

I see resistance and a trend break to the upside at .59

Any push thru .59 and I doubt we will need to watch the .50 support...but I see some resistance at .62 again.

JMO

GS40