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Re: ClayTrader post# 36979

Monday, 11/19/2007 7:32:46 PM

Monday, November 19, 2007 7:32:46 PM

Post# of 107353
It was nice to see the Marubozu after the doji and it has gone part way to confirming the uptrend. Ideally we needed to close more than halfway into the body of the big down candle two days ago with some volume to cleanly signal reversal. Right now we see some good bullish support, with the bulls in control all day today, but volume remains light. I'd like to see price go through that 1.50 point with conviction. The down candle two days ago stopped around there, and todays up candle stopped around there. It is a point of indecision at the moment.


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