Apr 092012
It was a long day waiting for something to happen. The 79.25 level was the only level to be hit in the low volatilty and it provided plenty rotation for small targets and some large targets. The market fell a few ticks short of the day’s S1 and last Thursday’s 84 low which I wrote could be significant resistance in chat this morning: “The day’s high should be framed by the 90 area if price can get back through the Thu 84 low (also S1=83.50 adds to the resistance)”. It could have been the extra long weekend, but personally I had
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