Wednesday, October 14, 2009

Market Closes Strong Again 10/14/09

The market remains above the previous high, and closes above today's Point-of-Control.

Tomorrow will probably have a more narrow range than today.

There was no clear divergence signal in the last hour and a half of trading. However, the market treated the 0930 ET Open as support, and the $TICK started making higher highs. This indicated that there were large buyers coming into the market in the last hour.


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