Carltun, risk on risk off trade. The Fed threw the gates open today. Cash will pour in we make new all time highs with this. PPHM is a momentum news play so we sit and wait for the next piece of news. As JR said we must hold here and now which also happens to be the $3.95 fibonacci level. This is teh third time we are trying to hold it so from a traders perspective if we do not hold JR will be right and at least the $3.41 gap will be filled.
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