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Old 01-05-2007, 06:12 PM
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Re: Today's action...where might it lead?
Nice chart Tin. I wasnt around today but just took a peek at that MP chart. Very interesting to see price rejection at 12531. I remember on Thursday we saw a late afternoon rally just to see price rejection around 580 and a push back towards 550 level. With this information today (rejection at 531) we are seeing serious seller domination.

Another 100+ range day. Very interesting. I think for day traders, we will be seeing alot more trend days to the downside from now on. Just my humble opinion.

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