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Thursday, June 19, 2008 9:54:53 AM
Candle theory:
IMO: We've just seen 2 dojis in a row and the black candle on Monday wasn't all that long. At .015, AQUI is still within the downtrend but I'd give the benefit of the doubt to a modified morning star reversal setting in if today closes above .0175.
The last 2 dojis held the middle of the big white candlestick from 6/5. The .013 trade broke that this morning but it still looks like .014 is holding and becoming support. Below that, it needs to hold .01 for a couple days or preferably bounce off it.
Aroon shows downtrend appears to be weakening, and uptrend to be about as weak as it gets (potential for reversal coming). Setting up but not ready yet. I expect more floundering before news and/or technical time to buy hits.
If you're not living on the edge, your taking up too much space.
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