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Thread: Wait And See - September 20, 2011

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  1. 09-20-2011 03:47 PM #1
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    nickola.pazderic
    nickola.pazderic is offline Site Member
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    Iwm

    IWM trades down to 69.18, between DS1 and DS2. Is this significant?

    Name: Capture.PNG Views: 803 Size: 128.7 KB

    Smoking TZA hopium,
    Last edited by nickola.pazderic; 09-20-2011 at 03:50 PM. Reason: add a chart
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  2. 09-20-2011 04:15 PM #2
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    Quote Originally Posted by nickola.pazderic View Post
    IWM trades down to 69.18, between DS1 and DS2. Is this significant?

    Attachment 10484

    Smoking TZA hopium,
    The day's highs reversed around daily R1, so there is a bearish bias implied in closing below S1. A neutral range day would be confined between R1 and S1.
    Billy
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  3. 09-20-2011 04:20 PM #3
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    Thank you

    Your perspective is invaluable to me.
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