Tuesday, August 24, 2010 5:49:13 PM
Follow the 40,000 line across the hourly chart below - you have to be blind not to get the picture, and the money flow on the hourly is as sweet as it gets during a MM walk down.
.40 is the pivot point. On the first day of the walk down I put in a buy at .42, they filled me at .40. Look at the first candle on the chart above - it fortells the limits of the shake almost perfectly. Do you think that is coincidence?
My time and sales for today is showing a string of 25 share trades between 15:47 and 15:56. This looks like a capitulation signal from the shakers.
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