Traders Laboratory - View Single Post - Market Trading in Value, premarket August 7th, 2006
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Old 08-07-2006, 01:46 PM
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Notice how prices retraced to the midpoint indicated by the dotted green line between the VAH and VAL. The TICK also made a new high indicating a shift in market sentiment. The value high pivot is also in line with the gap fill and daily pivot. Although the markets are still in balance at this point, we could see a possible lift to the upside.



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