BULL CHANNEL BREAK OUT TO END THE WEEK 2/14/14

ANOTHER bull channel break out day.  Whip action at the open as price moved to top and bottom of the range.  A channel was identified early and we had three developments:

1.  Two 50CB developed early; 1 bull and 1 bear.
2.  We had PA running the range with a bull bias.  Low buyers would go for +8 to +10.

[10:08] <CM> bullish channel  pre open and b1 b3 buyers to get +8 +10 would need 1829-1831 range  

3.  We had a LBBO which would likely run for the BO-5 given developments #1 and #2.

[09:58] <CM> look for 27 bo

All targets hit and price traded outside, albeit in a narrow range, the channel and was  supported by the 20EMA.

Nice end to a great week.