Wednesday, August 19, 2009

Morning Market Review 08/19/09

These surges out of the opening box occur so seldom that they are difficult to trust when they happen. The normal market surges and then back fills and so on. But that is what the market did this morning. It bounced off of yesterday's day session low and headed straight for closing the gap and testing yesterday's value area. The VWAP Line is still acting as support with yesterday's day session high acting as resistance.

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