Friday, September 17, 2010

9/17 9:25

The 30-minute M/A was not broken during the consolidation, but has moved up to where it is close to prices.  Covering short futures at the 30-minute is also at the upper end of the trading range.  It is a logical place to lighten up and wait for a break of the 30-minute, which is the blue line minus .5% on a 30-minute closing basis.

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