Thursday, June 13, 2013

Short covering and momentum rally spike.

OK Big rally. Short covering for sure.
The rally ended over bought.
The rally was an outside day considered bearish by me.
Still stuck between  50dma and 25 dma.
Need another day to see but I don't think it has legs.
The parabolic indicator I built is looking for a low tomorrow, seems hard to believe.

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