The Chop Continues

We've had alternating up & down days for each of the last five sessions and based on the futures that will be extended to six sessions today. I guess the bulls should be happy that the market is moving higher. While I'm trying not to focus on technicals during this earnings season I can't help but be concerned about this bounce because of the poor volume action and the multiple levels of resistance that are just above. I won't be surprised to see some good looking short setups pop up over the next couple of days.

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Quoted

"Diversification is a hedge for ignorance" ~ William O'Neil
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This page contains a single entry by Michael published on April 26, 2005 9:05 AM.

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