Tuesday, June 04, 2013 12:38:39 AM
PCLN is worth a look since this holding of the 20ma and shows just how the market is pivoted here, called the fade @842 now looking at it what do you see?
Shorts have been making the stand at 820 three times now right to the penny which u can see clearly on the chart, so if you traded PCLN thru this you would have noted that R & took the fades there.
Market rallies back up so will this of course, got bought right off the 20ma, for me not interested at all except as a study its off screen along with GOOG & AAPL which glance at occasionaly thru the day.
3 little tags to 820, didnt get past , now? (shorts would love 750 but will market bounce ?)
Shorts have been making the stand at 820 three times now right to the penny which u can see clearly on the chart, so if you traded PCLN thru this you would have noted that R & took the fades there.
Market rallies back up so will this of course, got bought right off the 20ma, for me not interested at all except as a study its off screen along with GOOG & AAPL which glance at occasionaly thru the day.
3 little tags to 820, didnt get past , now? (shorts would love 750 but will market bounce ?)
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