Monday, October 12, 2009

End of Day Review 10/12/09

The market is shying away from the 09/23/09 high. We got a bearish "P" formation on the Volume Distribution chart with a close below the Point-of-Control.

The market took a little tumble to close the opening gap. After the gap close, we got a bullish divergence, which sent the market back to its VWAP Line.

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