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Monday, December 14, 2009

#3



3- bias is down, this was the first good pullback up to short the market, we are below the 50sma on the 5min so i felt that the 36 area based on the past 5min candles high was a good area to short from, for me very HP. You will notice in the rainbow the priced reaches 35 spikes down then stalls at 33, my stop loss would be the recent high at 35. Price gets under the tma 21 (white dotted line) and off we go for 4 more

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