Tuesday, July 13, 2010

Reese

Current thoughts. Breakout today is not in the context of an Ending Diagonal overthrow (IMO). I think there are a few more days of pain. It is negotiating the 50 day MA right now and will be retesting 1100 (psychological) and 1105 technical next if it makes another run up. We also have the 200 day MA (1110) right above that.

I am currently sitting tight.


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