Tuesday, July 21, 2009

Afternoon Session 07/21/09


Buyers came back in the afternoon session. I color coded the 50-period EMA on the $TICK chart to help see at a glance the overall trend of the $TICK. Green above zero, and red below zero. In a trending market like this afternoon, a trader would have done well going long each time the $TICK dipped to the lower band.
Charles

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