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Monday, November 23, 2009

Blow off Top?

Both TOS and Prophet charts show a one minute gap up AFTER the big ramp this morning (needed to catch up with the futures, although sometimes the futures does not show the big boys sentiment).

This could be an exhaustion gap. 

It is also slightly shot above the upper trendline, and above the 50% Fib.  See the DIA chart on this one, that's the only one I channels on.


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Insightful and Useful Comment!