THE MARKET SHIFT 11/14/13

In our last post we stated "Play the range until we see a market shift".  Well, it did not take long for that to play.  Range bound range runs with a BO-5 and then the shift.

This is a 2 point bar chart and you can see the play inside the range and the SB Break out to support.  This was a BO-5 area.  When PA holds at the BO-5 we expect a return to the range.

This occurred, and we see the range run for the opposite break out.  Note on this BO we did not see the selling pressure (red arrows) when PA was trapping inside the range.