Friday, February 5, 2010

Another little bounce...



There could be another bounce here, as the support trendlines have been 'just barely' exceeded, with Stochastics turning up...
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2 comments:

  1. AnonymousFebruary 5, 2010 at 11:40 PM

    Hi Mark,

    What is your take on today's rally?
    It was on very high volume. Do you think it is a temporary rally before we resume to the downside?

    ReplyDelete
  2. mlytleFebruary 6, 2010 at 12:55 PM

    Hi Anonymous,

    Yes, I think it is a temporary rally, although it could produce as much as a 50% retracement from the January highs...

    Regards,
    Mark L.

    ReplyDelete

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