Thursday, May 23, 2013

May 23:

Market opens with massive weak Adv. Dec.

Deep oversold though -- so wait -- be patient and look for synchronization to build.

 Eventually a decision wedge emerges, adv.-dec is trending up.

11:05: breakout and a long here is successful... rises -- and forms a 3 touch support line which serves as a new stop area -- is never broken rest of day.

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