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Sunday, October 25, 2009

Market TAO Week Ahead 10-25-09


The Bulls fought very hard to hold this lower triangle trend line at the close on Friday. This is a significant place ..

As you can see failure to hold above and break out of the Triangle to the up side will most likely see the Gap below filled .....

Triangles are difficult to trade... use small amounts and tight stops to trade the interior body.... be nimble...

we will most likely know the direction of the break by end of week.

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