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The latest from the OptionsHunter session 06/1/2009

It's all about trusting the chart patterns.

CME -  Weekly is still surging higher, still strongly in place.

USX  - Still one of the leading industries - Steel.  As long as weekly is still leading the price you expect it to keep moving up.  There might be some daily down divergences, but they will be short lived.

CELG - upside divergence on the daily, weekly turning the corner, monthly still week, but should change soon.

KOL - enormous power and strength on weekly, so you know it will go higher, just need the daily to stop going lower and then can get back in.

IGT - couple of weeks ago at 13, now around 18, every nickel is 1200% return, weekly strength is still persisting and the same chart pattern as USX.

JDSU - chart has some strength, but there are much better patterns than this one.

CLF - easily could go through $30.

CMI - last high at $36 and the weekly MACD is sharply ahead of that level.