Wednesday, March 12, 2008

03.12.08 - Just What We Want


This is just the type of action the longs would like to see, a narrow range consolidation day, preferably on lower volume, setting up for another leg higher. For today's post, I have put up the daily timeframe to show where we are at longer term. All we have really done is reentered the prior trading range. Hopefully we stay inside this time -- we can only have so many 2% down days in a row, 4% ups aside (50 to be exact!).

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