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Any brave sword catchers here....


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#41 Echo

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Posted 13 April 2011 - 12:46 PM

If that was unclear, the 2.5wk low on RUT was 818.32 and the stop is 2pts under at 816.32. I think this is good for the 5 wk low. If right, 818.32 should hold here. Long via UWM at 46.43 Doc

#42 spielchekr

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Posted 13 April 2011 - 12:51 PM

I for one would like to move back to the original thread as we are back to where IT made the nice entry yesterday.
IT, Fib, is the price pattern reasonable to reload here or is the gap and crap under oversold conditions worthy of standing aside?
Doc



I beg your pardon please, sword catchers. Please accept my apologies for agreeing with NAV's off-topic response. :yes:

#43 fib_1618

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Posted 13 April 2011 - 01:02 PM

is the price pattern reasonable to reload here or is the gap and crap under oversold conditions worthy of standing aside?

Yesterday's weakness in not being able to find "buy spike" support in the MCO suggests that the trend is getting very mature and tired. Today's lack of a technical bounce compliments this weakness.

So for now, with the breadth MCSUM's as high as they are, I'm taking a wait and see attitude - hold with a bullish bias - until more information is known.


Fib

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Wise men don't need advice. Fools won't take it. - Benjamin Franklin

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#44 Echo

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Posted 13 April 2011 - 01:02 PM

No problem Spiel. Always enjoy your posts and threads, well, they will go where they go such is life. I was just focused on an important juncture from my work's perspective, thats all. Doc