04/18/2012 Example Trade

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Apr 182012
 

Price spent the day rotating around the 80 level.  After the cash open, price pushed up into the 84.25 level, but the institutional buyers did not let up and thus I couldn’t find a good opportunity to take a short.  Net selling finally started about 2 hours after price retraced back through the 80 level.  The double top at 3:09pm EST could have Continue reading »