Wednesday, March 10, 2010

03.10.10 - Ground Hog Day Double Down

Today's trade is mimicking yesterday's with a trend-like play higher followed by a rollover breakdown.  While today's roll could ultimately be more serious for the bulls, so far price has bounced at the daily pivot/  overnight levels.  That said, volume continues to build towards the highest level in weeks, so I can't assume this corrective retrace is over and done with.  It's just one of those days where day-trading predominates.

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