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Thursday, February 18, 2010
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2010
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February
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- Higher Low Scenario
- Art Of Trading Member Cleared $862 Last Week!!!
- 90.69% Return In 46 Weeks Of Live Real Time Tradin...
- $1,969 PROFIT On A $12,000 Account In 3 Weeks!!!
- CLNE Chart Setup Update
- Higher Low Scenario Slowly But Surely Playing Out
- Trades Taken Today In The Art Of Trading
- Using RSI To Trade Strong Trends In Stocks
- Longs Setups To Watch
- Awesome Testimonial From An Art Of Trading Subscri...
- Market Analysis And Possible Scenario
- Art Of Trading Member Books $3800 In Febuary!!!
- 89.54% Return in 45 Weeks Of Real Time Trading Ale...
- Market Analysis and Setups For Next Week
- Art Of Trading Performance This Week
- I've Seen This Before
- High Probability Setup
- My Road Map For The SPY
- QQQQ Gapping Up Into Resistance
- It's Better To be Lucky Than Good!!!
- Awesome Testimonial From An Art Of Trading Subscri...
- If The Market Can Stabilze: I Will Be Watching The...
- Awesome Testimonial From An Art Of Trading Member!!
- Shorts Setting Up
- Trading In A Choppy Tape
- Awesome Testimonial From An Art Of Trading Member ...
- Art Of Trading Member Shares Her PnL!!!
- Weak, Lmip Reversals Everywhere
- 88.39% Return In 43 Weeks Of Real Time Trading Ale...
- Art Of Trading Performance This Week
- Cockroach Theory
- Possible SPX Scenario
- NEVER LET A WINNING TRADE TURN INTO A LOSER
- Charts To Watch This Week
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February
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4 comments:
This dip is different though. Your chart very clearly shows why.
You are very right, the dip looks different but the rally off lows looks eerily similar. market dips slightly, gets bought up and just slowly but surely trickles higher.
Bad call, Stewie. You should have pointed out what was incredibly obvious: On this dip, the moving averages turned over. It was clear this bounce was going to create a lower high.
The break was on enormous volume. The last rise has been on the most pathetic volume we've seen. It was clear this was a bull trap from the start of the bounce.
this looks like it be a bad call after seeing what the Fed did today after the close BUT i have a hunch, many will be surprised in the days/weeks to come when the jan. 2010 highs get retested again. A retest of the feb. bottom needs to be expected. It might be a "bull trap" but what i believe is that the jan highs have a good shot of being retested in due time. we shall see....
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