The Bonddad Blog
Still nerdy after all these years
Monday, October 26, 2009
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A.) Prices moved higher at the open printing some strong candles. But the volume was weak.
B.) After getting over the EMAs, prices couldn't maintain their momentum. As a result, they printed some weak bars.
C.) Within the period of of 40 minutes the market saw an increase in volume and a strong downward movement. Notice the strength of the downward moving candles.
D.) For the rest of the day prices ran into upside resistance at various EMAs.