Consolidate After Light Volume Advance

Discussion in 'Technical Analysis' started by Aaron Copland, Jan 6, 2009.

  1. Consolidate after the light volume advance during the Holidays. Now are we getting ready to re test the lower end of this trading range?
     
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  2. It looks like were just slowly going back down again. I say this week if you’re not positioned at the close from the previous day in the right direction your odds of making a go at these intra day ranges are a bit tough.
     
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  3. Down down down we go
     
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  4. This is fun!
     
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  5. Wham bam that you mam
     
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  6. Ho hum time to start buying, we may spen Wednesday down here to but come Friday we will be off the support lows.

    TIME TO BUY BUY BUY
     
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  7. Lucrum

    Lucrum

    We bounced from about where we should have but I'm so far unconvinced I want to hold onto a long.
     
  8. i like this one better....
     
  9. Like I said we may bounce around down here, as traders fill there orders for the ride back up, maybe a ride back up, anything can happen.

    Bad earnings may push us down to 8100.
     
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  10. Lucrum

    Lucrum

    Looking more and more like a measured move to YM 7850 area. A test of 8350ish
    before that might make for a good swing short.
     
    #10     Jan 14, 2009