Tuesday, July 24, 2012

RANGE RUN BREAK OUT 7/24/12

BOT TRADING SYSTEM

TODAY was a range run break out day from the open.  A selling TL ran from B1 to B45 where we see the next selling signal.  As Pa continued the sell off, the EMA was repeatedly tested and held the bulls in check.  mid way down the TL we say a MAXT  reversal.  In this case, a failed run by bulls at the EMA, a continuation of the bear trend.

A late rally stalled and we had a massive control bar (CB) of nearly 10 points.

 
Additional commentary can be found on Mirc at #Chartmaster

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