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S&P 500
5,321.41
(
0.25%
)
US TECH 100
18,243.60
(
0.26%
)
Dow Jones
39,872.99
(
0.17%
)
Brent Oil
82.18
(
-0.33%
)
Bitcoin
69,939.02
(
-0.27%
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dmlabuda

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dmlabuda

Re: SocialTrader post# 4172

Friday, 01/27/2012 9:53:16 AM

Friday, January 27, 2012 9:53:16 AM

Post# of 4247
FTWR & SATC ... The FTWR weekly chart shows a possible market bottom but, after the price Gaped significantly lower out of a symmetrical triangle on the hourly chart yesterday. I would wait and see where the market finds support before taking a position. Usually large gaps down are very bearish.

SATC is currently a strong BEAR market that has been well contained by the 20-day moving average and does not show any signs of reversing at this time.
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