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Now you guys have me going with the posts. Of course this is an on the fly
analysis and the day is not over but here is another justification for why we
may be seeing the price lows this morning. Friday saw a momentum low in flow
rate and today, Monday we are seeing a price low at extreme statistical
support. Even with a lower TICK which measure issues, Flow Rate is based on
volume. The odds are very high that this short term down swing is finished.
Puts and shorts should be or have been already exited. There is an old addage
that momentum preceeds price.
BobR
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