Thursday, July 19, 2007 12:36:57 PM
You are correct on the MA 50 bounce, but what is more important imo is the MA 200 sitting near the same spot...
The breakout of the MA 200 was very significant imo and it is typical for the pps to return and test it as support, post breakout of Resistance (MA 200).
-MA 50 = .00057
-MA 200 = .00064
Gaps filled at a close of .0006
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