Friday, January 21, 2011

jan 21 - prep

- ON inventory appears to be long, into the current BA, as well above rally high reference
- i'll be focusing on price acceptance above 1280.00, being aware that we have singles above from 1284.25 to 1291.50
- also we are trading in the upper half of the BA
- looks like we'll open gap up, a gap in the direction of the trend; i will monitor the attempt of the market to change the perceived value. I will go in the direction of the gap if its not filled fairly quick.

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