ICE Update
By Brett Goldstein on Jul 06, 2007
This entry was posted on Friday, July 6th, 2007 at 7:20 am and is filed under Annotated Analysis.
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Brett,
I’ve been following ICE since it came on the scene in Nov, 2005. Now that the CBOT deal is going to CME, ICE is ready for a nice breakout. Its in the middle of a strong third-stage base and might push itself to record highs in the next several trading sessions. Your BB analysis was right on the money and ICE had a low pole reversal on 7/5. We need to see higher volume in the coming days, but a breakout to the mid 170’s would not surprise me, sooner rather than later.
ICE at 200 by November? I would not rule that out either.