Wednesday, August 11, 2010

Today's Action



So a huge day down but in reality no huge damage has been done yet. Notice on the chart we are back to the 50moving average and that was support. The beautiful of technical analysis! One thing is for sure we are in a void and rangebound market indeed.

Let's see if they want to break it lower to the lows of the range of use this 50 MA as some support.

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