TIGHT RANGE DAY II BO-5 LIMIT 2/9/12

RANGES continued unchanged into after hours and Euro Zone.

A short TL was seen.  This is the exit for longs and entries for all in short.  The latter was a short at 1149 and a range run was expected (and reported), with a targets at 42.5 to 40.5  (SB-2 points).


The bear channel continued and a long was hit at the SB, lower channel TL Reversal.

The expected (reported) move was a test of B1 high and a run to the 1352 area.  Targets hit (although not at 1352) and EOTD (end of trading day) exits taken.


UPDATE:    selling strength just under 1352 caused a PA PB back to the  1348.5 area at the EOD for the US Market.



UPDATE:  STEADY retreat back into range