Thursday, August 13, 2009

Morning Market Review 08/13/09

Today's Day Session thus far has stayed within yesterday's range. When you are expecting a narrow range day, on average, today's range will be about 0.66 times yesterday's range. So far, today's range is 0.6 times yesterday's range.

The market found support at 998, and is now just below yesterday's high. At first the VWAP Line acted as resistance, but then acted as support as the market has traveled up and down in its narrow range.

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