Yellow and Blue Bars

9/9/2010

Today we gapped up and hit the continuous outlook pattern. After the high we came down and made a wedge and the yellow bars told us a big move was coming. We broke down out of the wedge then the blue bars came in at the low to say that the big move was over and to look to cover all shorts.

Going into tomorrow there is bigger resistance from todays high. We would be careful on the longs tomorrow.

Happy Trading,

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