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originalnewt

06/11/13 9:06 PM

#6998 RE: JerseyDrew #6997

the long upper wick is a show of the bears beating out the bulls for the day. Todays volume was pretty low, I wouldn't even really count it as a candle myself. Monday had some decent volume and closed even to Friday, kinda bearish. All in all traders seem indecisive here and/or are waiting for a signal to buy the ask (news, new wave of momo, etc...), the 50ma could be touched again, IMO.