As you may see the price refuses to decline more than 50% of the entire bulish move (3/16/11 - 4/6/11). The daily closing price was also higher than the resistance 1293.41, which undoubtedly gives us clear buy signal. Safe place for SL is 1298. Most likely he price will continue up next few weeks. 1375 looks like an imminent target. As time is more difficult to determine, but around these periods med term top could occur (May 3-10) or (May 21-28).
Good luck trading!
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