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| They appear to have broken out of their winter trading range-To the upside-Confirmed by two closes on the daley-That resistance has now become support-Today-They have come back down and tested that support-And appear to have bounced off it nicely-Markets often do this when they are preparing to trend-I'm thinkin they are lookin good for now-Barring an ugly close-Just some old school chart stuff here-No don't think they are gonna run hard in here-But may provide an opportunity for guys to offload some risk-Just remember an old rule-BEAR MARKET RALLIES ARE SHORT AND FLEETING!!!!-4 hour chart below
Edited by Fishguts2 3/16/2016 12:54
(May beans.jpg)
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