Thursday, April 14, 2011

4/14 12:45

Even though YM futures hit but did not exceed 12,217 they left a clear 5 up, so I'm looking to buy on pullback to about 12,178.  Likewise SP futures touched their 30-minute M/A and left a 5 up, with 1305.75 a good buy spot.  Because the rally ran well past the prior low this is not a 5 down in progress, which is why I sold out this morning.

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