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February, 9 2011

Morning Brief by Anthony Crudele


This year reminds me a lot of 2006 when we had a similar price open in the cash at 1352.03. It was the first time that we were back
above 1300.00 coming from the lows in 2002. I included a chart and drew horizontal lines showing the high in the cash in May at
1326.70 and the open in January at 1352.03. We had a big sell-off from 1326.70 in 2006 so if history repeats itself the same could
happen again. History tends to repeat itself and that is why I am showing it. On to yesterday we had another bullish close above my
resistance at 1317.50 and we came just short of testing 1323.75. As long as trade stays above 1317.50 I believe we will trade
1323.75 and then possibly 1330.00. If we can’t hold 1317.50 I believe we will trade back down to 131100 and possibly 1305.00. I
will be watching that price in the cash from the 2006 high to see if there is resistance there (1326.70). I will be using 1317.50 as my
pivot for direction today.

S&P Cash Top of Value 131950


E-Mini Daily E-Mini Weekly
Weekly
Bottom of Value 131500
• 133000 • 134325 • 135710
• 132375 • 132400 • 131435 Point of Control 131575
• 131750 • 130475 • 127150 High Volume Bar 131875
• 131100 Pivot • 128550 Pivot • 122860 Pivot
• 130500 • 126625 • 118570 Prior Day’s 132175
Settlement
• 129875 • 124700 • 114284
Average Trading 1407
• 129225 • 122800 • 109996
Range

10 Day Moving Average 130225 Prior Day High 132225


20 Day Moving Average 129390 Prior Day Low 131300
50 Day Moving Average 126500 Weekly High 132225
200 Day Moving Average 114925 Weekly Low 130600

Yearly High 2-8-2011 132225


Yearly Low 1-13-2011 125525
2010 Closing Price 125300
2011 Opening Price 125600
February, 9 2011

Source: CQG Inc. 2011 All rights reserved worldwide.