A B4 control bar dominated the mid morning and was the focus of the bull PB later in the day. The 50CB failed and more shorting prevailed.
Wednesday, December 14, 2011
HALF RANGE FAILURE WITH A BO 12/14/11
Day started with stocks seeming oversold with an upside to BO-5/BO-10. PA flashed indecision with a 2 bar doji ( put the two together visually) at the SB which was a reversal look. Range run longs with a stop exit +4. 9 bull bars found seller resistance at the MB. A MAXT 50CB combo developed which was not good for the bulls. PA reverses and runs the SB for a short BO-5/BO-10. Still 5/10 day, just in opposite directions from original thoughts.
A B4 control bar dominated the mid morning and was the focus of the bull PB later in the day. The 50CB failed and more shorting prevailed.
A B4 control bar dominated the mid morning and was the focus of the bull PB later in the day. The 50CB failed and more shorting prevailed.
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