Wednesday, February 12, 2014

Consolidation

<< Market >> Inside range, consolidation day as expected after yesterday's trend day.  Look above yesterday's trend day action range highs and fail, trade of the day.  So too, was the 9:00 gap fill lows reversal.   Other than that a snoozer.

Today's range was 12 points versus yesterday's 25.25 points, as volume sank.

<<Odds>> Odds analysis similar to yesterday.  High odds scenario of price exploring to at least all time highs.   Yet, the market is very extended, due for more consolidation, or maybe even a pullback of some sorts. 




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