Monday, June 14, 2010

Intraday Reversal

That was as benign an intraday reversal as I've ever seen.  The market was hesistant to go higher so it went lower.  The 200 day MA has still provided strong resistance despite a surging euro.  If we do get above the 200 day MA, I don't think it will be for long before we go back down.  This is not February!

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