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    DA
    day trading
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    So the POC is right at 1100 even:
    http://www.mypivots.com/board/topic/5894/2/value-areas-and-point-of-control-2010-q3#64840

    Economic Events for Friday:

    08:30 AM GDP
    08:30 AM Employment Cost Index
    09:45 AM Chicago PMI
    09:55 AM Consumer Sentiment
    03:00 PM Farm Prices

    http://www.mypivots.com/trading/economicevents
    HA
    hari
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    Thanks Bruce!

    Originally posted by BruceM

    short at 1100.....97.75 is target
    MR
    MrTee
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    Thx too
    Originally posted by BruceM

    short at 1100.....97.75 is target
    BR
    BruceM
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    that was the hour break out surge with slight tick divergence into a key number forming an air pocket..


    now if buyers don't show up again our runners will get 95.25 and lower...working 3 now...
    BR
    BruceM
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    trips trying to form ay 97.25...THIS BAR
    BR
    BruceM
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    adding to runners at 99.75....Trips are official now...may try to shake us over 1100 but will stay the course
    BR
    BruceM
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    seen this before...the real low volume around a key number and then a surge again...so if they make new highs be careful if fading with me



    so far so good though for trip run...hopefully not too much suffering
    HA
    hari
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    Last 4 days (including today) opened with gaps and all 4 gaps were easily filled
    LO
    Lorn
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    Here you can see all the buying pushing prices up and through VWAP. Volume has dropped during this pullback/consolidation. You can also see volume building in the 1096 area.


    Click image for original size
    BL
    blue
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    ............


    Click image for original size
    BL
    blue
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    Originally posted by hari

    .....
    7/29 1113 H of 15min OR
    .........



    What is OR please? Thanks.
    KO
    koolblue
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    You're sharp,Wendy! Actually , i dont normally use fib retracements, just my Kools tools fib extentions. Sometimes, tho at what i feel may be an important high or low, I sometimes look around for any other kind of corraborating evidence to support my theory (like is there support or resistance here?,are any cycles topping or bottoming here,is this a previous high vol zone?,...etc). Probably just a confidence booster. I have never found fib retracements to be tradable. Doesnt mean they arnt, just not for me. In this case i believed the low was important in that i was looking for the daily low to be made here, and possibly for the next few sessions. I was caught a little off guard as if memory serves, i had just logged on 5-10 min before it occurred and really had no time for much study!. That in itself speaks to the power (and confidence i have) in my fib extentions. Hope this helps explain my view and actions a little better.