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IMGG4TP

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IMGG4TP

Re: madtig6 post# 32433

Thursday, 11/18/2010 12:47:22 PM

Thursday, November 18, 2010 12:47:22 PM

Post# of 59549
Madtig........TA is so subjective! Yesterday's hammer marks a temporary low and today's action is simply the continuation of the reversion to the mean (the severely declining 20DMA). An uptrend will not be confirmed until .25 (the 11/09 high) is broken. Only then will you have a higher high and a higher low, the classic definition of an uptrend. GL
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