Friday, October 9, 2009

Morning Review 10/09/09

Another morning where the market just does not go very far.
Buying power appeared weak from the open. However, the market just refused to trade down to the VWAP line or open price until after 45 minutes of trading. And then the market found support at the VWAP on several attempts to trade down.
Playing around with the VWAP line. I have three lines based on the high, close and low of each bar, respectively. A type of decision range where the market decides to stay bullish or bearish.

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