Thursday, January 20, 2011

jan 20 - prep

- ON inventory is looking to be short, so i'll be aware for a possible short covering rally (the market is not that weak as it appears to be ON); or if the market is weak it has to continue on its way down
- price went below 1275.00 ON, breaching the LVN
- ON R @1281.75 MVPOC
- ON S @1274.00 previous BAH
- POC@1282.25, not really migrating lower with price, monitoring for a possible short covering rally to it; if that happens apply specific tactics

- other R above:
VPOC@1283.00
MVPOC@1281.75
midBA@1283.50
VAH@1283.75
singles@1284.25 - 1291.75
- other S below:
NVPOC@1270.50
NPOC@1269.50
midBA@1266.50

- BA scenarios, with monitoring for either S @ current BAL holding or S @ BAH will be broken and price will go lower into previous BA
- fulcrum of the move will be 1280.00 rally high

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