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Old 12-13-2006, 09:15 AM   #1

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YM Analysis

I'll try one

Here's the volume for the past 10 days on the continuous YM symbol. Now, keep in mind the last few days have been on the new contract, so it's a little skewed, but you can see how things are developing.

12412 is a the highest volume area. Lots of traffic there. Where there is lots of volume or little volume, expect those to be area that have a high probability of a turnaround. 409 also happens to the POC for today...So we'll be looking for a retracement down there.

12355-65 area was showing very little traffic. IF we were to get there, I'd look for a reversal there. Price has been rejected there. Why? Who knows...it just was.

For today, I'll be looking to buy a retracement to 425 area which is the VAH. Things are VERY strong premarket, and so far it's looking like the gap could hold. So, I'm looking for a small deflation of price to value of yesterday, and we should reject that to find a new value in the markets, higher than yesterday.
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