We are testing now the gap area around 1400 with a reversal pattern which is a crucial price action. Good is also that we started the week stronger overall to get a top - the SOX was briefly above 270.
GS has the daily 12 count that puts us on red alert for longs overall and we need to follow closely today's price action but the odds are at 98% for a top.
Wednesday, May 6, 2009
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