Tuesday, July 27, 2010

07.27.10 - Sitting on the 200-Day Moving Average

Up and Down Volume are well matched and, with the easy a.m. fade over, there is no clear trend going into the afternoon session.  However, as overbought as we are on the daily time frame, I am on guard for prospective downside even as price is holding up admirably after several consecutive accumulation days.

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