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BennySlots

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BennySlots

Re: Roy London post# 17279

Thursday, 05/16/2013 4:19:06 PM

Thursday, May 16, 2013 4:19:06 PM

Post# of 72908
That crossover doesn't mean anything when the trend line is at 14. The price has been pinching tight for awhile as we've crawled upward.

Look at the hourly chart. It paints a more obvious picture of what's going on. The 200 MA has been resistance, while the 50 MA and 100 MA have now crossed under us and turned into support. As long as those MAs are point upwards, we're good. If we can break above the 200 MA, it's go time!

...IMO
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