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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: chartseer who wrote (8821)8/28/2012 3:02:10 PM
From: zman69  Read Replies (1) of 40061
 
Depends on time frame. There is also plenty of prior resistance below that has acted as support. In the very short term we are in a high level consolidation mode. Bulls will call it a pause to refresh, bears will call it a distribution phase. Ms. Market will settle the score. IMHO the bulls are correct... TWT.
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