Thursday, February 25, 2010

Big reversal...where did that come from?

Mid morning I am thinking wow this is minute[iii] and we are tracing out a bear flag, and BAM! we get a strong price move up to finish out the day. This could be a 1-2,1-2 set up but there is no way to tell. We still have GDP tomorrow.
VIX rebounded off the 20ma which happened to be intersecting a support/resistance line.
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