Monday, June 25, 2012

EARLY BREAK OUT DEVELOPS RANGE BOUND PA 6/25/12

BOT TRADING SYSTEM

A early break out in PA at the Short BOT range to a BO-5 and BO-10 level only to become range bound.  B1 and B2 50CB levels failed a B8 test by bulls, and it took until B34 for PA to return to the EMA.

New resistance developed around 1307.5 and support was found around 1303.5 as PA moved in the BO-5 to BO-10 range, with key reversals found in the B52, B64, and B74 areas.


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