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Thursday, October 4, 2007


First we take a look at candles... candles showing Bearish engulfment (circled)
second, we look at the 2 candles, buy up vol is 3 times the size of sell down vol, showing that price is 'artificially' pushed down. When rebound, this can shoot high. For next few days will more likely be sell downs... so i will wait to collect. Note that MAs all crossing, so expect it to retrace close to MA levels before moving up again.
Just when we thought that this is breaking out... hahaha

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