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10/03/16
21:58
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Originally posted by keygeo
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the A50 which has been in long term down trend reached a previous support level of 8250 a bit over a week ago, now appears to have reversed into a short term uptrend......
of the two small shorts that I had taken out at an average of 8750 I have closed one out at 4% loss, while the other is still in play - for the moment ...........
if the price level continued on up to the top of the long term downward trending trading band at 8700 that would mean a 10% loss ........ hmm - maybe i'll unload the other also......
not guessing the A50 to well at the moment.......
I have another short bid at 9600
gk
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back in business with having taken out 3 small shorts on the china A50 over the last 3 days at an av. of 9230 ..... 4 consecutive red candles, moving down nicely at this point.............