03-19-2007, 05:55 AM
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Status: Super Moderator Join Date: Aug 2006 Location: Tokyo Thanks: 545
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| Professional Absorption...
Interesting daily chart on the YM. The second test occurs on extremely high volume with a close at the high. This indicates professional buying. If there is still supply left, we can see another test on lower volume. If not, price will be likely to advance.
Perhaps a swing trade instead of day trades on the YM may be a good idea to profit from this move.
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