WATCHING THE RANGE & 50CB'S 9/26/13

The market was in a bull climb prior to the US open, which provided a 50CB and a break out of the LB (Long BOT).  PA failed to reach the BO-5, a gap developed, and a H&S type reversal followed to run the range to the low of the day.  A bull channel  developed, and the bear had a second push to the low.