Thursday, October 8, 2009

End of Day Review 10/08/09

With a close above today's Point-of-Control, the market is still bullish.

With earning's surprises, anything can happen. However, the $TICK MA on the 15-minute chart is indicating that the uptrend may be getting a little tired.

This has been the typical afternoon pattern the last few days. A down trend from a lunch high with the market making a low at the close of the energy market.

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