Financial Market Analysis
By Shawn R. Carpenter
Tuesday, August 29, 2006
Home Depot...
Home Depot is looking really good right here. Price action has test support levels and it might bounce from here. Home Depot might find some legs given Hurricane Ernesto is approaching Florida as well as insurance checks being paid to New Orleans residents to rebuild. It will be interesting to see if the Home Depot can receive business of off these two issues. I currently feel that a Fibonacci retracement could lend future prices towards the $38.00 level. ¶ 2:50:00 PM
Home Depot is looking really good right here. Price action has test support levels and it might bounce from here. Home Depot might find some legs given Hurricane Ernesto is approaching Florida as well as insurance checks being paid to New Orleans residents to rebuild. It will be interesting to see if the Home Depot can receive business of off these two issues. I currently feel that a Fibonacci retracement could lend future prices towards the $38.00 level. ¶ 2:50:00 PM
![[Most Recent Quotes from www.kitco.com]](http://kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
