Thursday, May 02, 2013 1:43:02 AM
MJNA Chart: High Wave......the Long Upper Tail on Wed.'s candle shows heavy profit taking......Accum/Dist reflects this.......Accum/Dist went down on an up day......not what you want to see.....
There's a Gap between Hod Tues. & LOD Wed........Gaps get filled!........the "Video" was the Red Flag......take note.....
MJNA on pullback radar.......I called the pullback to MA(200) when MA(100) support broke.....stated MJNA would bounce off MA(200) zone......looks like MA(200) support may get retested.......checkout March 21st......High Wave formed after a white candle & MJNA pulled back for 4 days straight..........
Extreme Caution............$$$
There's a Gap between Hod Tues. & LOD Wed........Gaps get filled!........the "Video" was the Red Flag......take note.....
MJNA on pullback radar.......I called the pullback to MA(200) when MA(100) support broke.....stated MJNA would bounce off MA(200) zone......looks like MA(200) support may get retested.......checkout March 21st......High Wave formed after a white candle & MJNA pulled back for 4 days straight..........
Extreme Caution............$$$
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