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Good Morning
NSM traded up on a nice volume
it closed close to the hi of the day with nice volume
it is above BOTH 10 day and 40 day m/a
point and figure reversal took place at 50
support at 47.5
resistance 54 7/8
for the bold ones short if opens 1-2 up
with stop 1 above open
objective for the short 50.5- 51.0
for the conservative play buy on a pull back @50-51
(If it may take place at the end of the day stay overnight)
yesterday VLNC did open gap up and did visit 23, (closed 2315/16) at
the
the end of the day ,,
but you MUST follow your trade plan or else you LOOSE in the long run
chart to follow by lenny
happy trading
Ben
trading involves risk
only risk capital should be used
(even when stocks are more conservative then futures, there is ALWAYS risk
of a capital loss, and if on margin you can lose more then what you invested)
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