There is still the possibility of further consolidation. but no ascending triangle, no aversion stage, as yet. As part of game theory, the 14:20 buy/cover point, should move up 10-15 minutes every day, I'm not seeing that... this leans me to less optimism. Though we seem like we are seting up for another 14:30 bounce, but I'll suggest that it will not be as robust, ant the end of day buyers will have even less confidence.
we shall see.
Wednesday, December 10, 2008
Consolidation... the bulls hope
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