Price broke early. By the US open we were near the max move, where it moved back to the trend line. A pull back to 1608 was anticipated and the only short for the day from the 11.50 level.
Friday, May 3, 2013
5/3/13: THE BULL FOLLOW UP
Price was attractive. It pulled backed prior to the FOMC and buyers entered. Today we see why. NEWS sent prices into the 1600's. Give it another week to week and a half to see if we are in a near term correction. Topping seen in the mid 30's if the summer slow down begins.
Price broke early. By the US open we were near the max move, where it moved back to the trend line. A pull back to 1608 was anticipated and the only short for the day from the 11.50 level.
Price broke early. By the US open we were near the max move, where it moved back to the trend line. A pull back to 1608 was anticipated and the only short for the day from the 11.50 level.
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