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Re: None

Tuesday, 12/30/2014 10:51:04 AM

Tuesday, December 30, 2014 10:51:04 AM

Post# of 4721
Holding Steady or Moving Up On Weakness

The USD/JPY made a retracement overnight pushing indexes to open down a bit. If I'm waiting on a set up to evolve as in NFLX from a prior post, I like to see the pick hold some strength when there is overall weakness. For now NFLX hasn't been hit with any technical damage. Price action has a 15 min & 60 min squeeze here. The 12 period momentum isn't providing a hint on direction yet but if the 15 min fires short we can get a flush to the downside. Worst case
I'd like to see 330.97 hold up but if algos are hunting for stop loss triggers it would dive under that area. Otherwise I'm still waiting on the DMI cross to arrive on the daily. If the TICK gets some +1000 hits an early entry might be triggered.

Cheers

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