AI
Thursday, July 07, 2011 2:34:20 PM
TA notes:
At least the 200d (15) is still holding strong. Seems to ping right off 15 when we hit it. 17 is currently the mid bb, so it's a resist. After that, we want to break 18 and 20, else we continue the downtrend.
For awhile, I was happy to see that we were staying at 16, because that could have marked 15 as the bottom, but unfortunately we've hit 15, which at best is going to show us as channeling. I'm hoping that we get some more vol here in power hour, and if we did, I could easily see a CLOSE at 17... which would be nice. W/out that vol though, it would be just as easy to slide back down to 16 for the close, or even 15.
At least the 200d (15) is still holding strong. Seems to ping right off 15 when we hit it. 17 is currently the mid bb, so it's a resist. After that, we want to break 18 and 20, else we continue the downtrend.
For awhile, I was happy to see that we were staying at 16, because that could have marked 15 as the bottom, but unfortunately we've hit 15, which at best is going to show us as channeling. I'm hoping that we get some more vol here in power hour, and if we did, I could easily see a CLOSE at 17... which would be nice. W/out that vol though, it would be just as easy to slide back down to 16 for the close, or even 15.
Clavis vitae est scientia temperata sapientia.
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