May 11, 2009

Tune has changed

12:21pm

Since the past two trading weeks, today is the first time we have a gap down and then hold it well after open for three hours.  gap up has been theme for quite a while.  If you look it closely on 5 mins chart, it gapped down, retest the 50ema and then heading south.  This is the typical trend down pattern and we could go lower from here and close at low of the day.

 

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