Thursday, July 16, 2009

So Far Narrow Range Day at Major Horizontal Resistance - Looking For A Failed Breakout to Safely Maintain Current Trades

Click on Chart to Enlarge

At potential major turns, posting will tend to be much more frequent because each day carries important information, so sorry for the overload of posts.

Any how, as mentioned last night, I expected today to potentially be a narrow range day, and so far it has been just so. The chart has all the notes, so just check that out. The main focus is whether price breaks down or up from the test of the first swing high after the June 11 top.

3 comments:

  1. Keep the posts coming. Love the analysis here. Learning a lot

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  2. thanks guys. have a good weekend.

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