Thursday, July 8, 2010

Dow rallies 6th, 7th, 8th (July 2010)

After 3 days of rallies 6th, 7th, 8th (July 2010) a bull trap has formed.



Note:

Thin volumes/OBV divergence
MFI flat to inverse at 39.05
Accumulation Distribution indicator divergence over dow price (overlay line)

sell signals within pivot point support ranges (refer to chart)

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