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Friday, August 10, 2012 12:30:21 PM
Anyway Rook, MM's took this down because they play on fear and emotions.... They make money UP and Down, they don't care.
Looking at the RSI:2/5 behind chart the reversal already happened but the rsi 14 is STILL at an oversold/ accumulation period, gives the RSI:2/5 to go down to oversold and reverse back up.
and if you want a daytraders perspective, RSI:1, rsi:2 is already at the the oversold position accumulating and then reversing by Monday.
The reason why I haven't sold yet even with this nice dip is because The Force indicator is still accumulating above the zero baseline.
Don't worry about today so much, it will go up and down all day today as long as I get a nice hammer for the weekend.
ADX is where it needs to be... green on bottom....
good play for the bears today, now back to setting my traps, I see a few. GLTA
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