2.05.2010

TWM: minor and major resistance...


I've see the pattern a million times. Okay, maybe not a million, but I have seen where the market continues a pattern for a long period of time, then surprises everyone by going farther in price than it was "supposed" to, only to reverse course in a big way, catching everyone off guard...

THAT move is precisely when the market has changed direction (finally). Now, it's been 3 weeks now, and we are approaching first resistance around $30 on the TWM, but you can see the future target prices.

tb

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