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Tuesday, August 23, 2011


Two different approchs

I had my doubts but 1160 was hit today.  The next two areas of resistance 1180 and 1200 may still be in the cards but I'm betting this was the top.

Candle Stick on the other hand had a BUY confirmation from the Long White Closing Marubozu after a Bullish Harami caused by an Inverted Hammer yesterday.  I generally get burned when I trade against the candles but I feel better going with the Forks which appear to me as bearish .  Time will tell.

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