Tuesday, November 1, 2011

So far, a pretty nice fade

So far, after some initial selling, we have gotten a nice gap fade retracement move.

Breadth still stinks, but there have been some short term buy programs hitting as evidenced by the $TICK.

We are moving into short term resistance, but how well that holds will be the big question. The move has to be tired at that point, but that isn't enough to use as a trigger.


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