Tuesday, July 6, 2010

07.06.10 - Tick Trending Down against Gap

You can see how the downward sloping dotted magenta five-day moving averages acted as significant technical resistance today, precipitating all manner of hedging and profit taking at the mid-day, no doubt.  Relative volume is building, we'll see if it can stop the fall at its cessation point going into the afternoon (solid white).

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