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Monday, June 27, 2011


Still at a cross road. If tomorrow is up on better volume then the Bulls will take it to 1300 area. If 1257 is broken the Bears will run it down to the 1250 area.

That agrees with
candle stick theory,
the Blue fork I have drawn and
the volume profile.

Today's volume was 13% below the 5DMA which I interpret as a sign of consolidation.
There is not much to go on right now so I'm waiting for a better signal.

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