Wednesday, March 17, 2010

Potential reversal setting up...

Well, the market got rejected at the channel high as it attempted to breakout. Is it just a temporary knock back or will there be follow through to the downside? I'm still not interested in anything but a daytrade short until we get past the first key hurdle: the week low that was made on Monday. Things will look a little more interesting if we can move below the late day selloff immediately tomorrow in an impulsive fashion. If not, then it is just one more failed reversal in the constant move up.
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