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Re: RedStick post# 60895

Thursday, 07/23/2009 4:50:15 PM

Thursday, July 23, 2009 4:50:15 PM

Post# of 165855
This was a super healthy day. We needed to shake a few out. Let me remind everyone what glassy said in her chart from the other day. Be sure to read the paragraph beginning with, "on a retrace ..." and then notice that's exactly what we did. We were way overextended trading that high above the upper bollinger band earlier today. Now we're looking much healthier. Also have extremely short-term resistance turned support at .17 after the bounce today which gives us a little bit of a foundation as we continue up.


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