short term trading, page-116

Hotfire,

Our Daily range so far is-

High - $2.78

Low - $2.58

With 11.4mil shares traded so far

Shows supply (selling) in the top and support (buying) in the bottom.

Drilling down to a 10min timeframe, looks like Support coming in at $2.66 and below, and supply coming in at $2.72 and above.



By the way the XJO looks like it is testing for supply near the bottom of the BIG shakeout bar on the 09/08/2011.

For the Test to be confirmed as successful tomorrow would be an up day.


WE need to wait for the bars to completely fill before any assumptions can be made though, half hour to go.

cheers