- BP got brutally hammered today
- many stocks confirmed the possible 2x bottom yesterday with good reversal candles...so if today holds up, many stocks got a great recovery rally atleast back to the prior high
- 2x bottoms are mainly all still way below 30ema...risky setups
- several charts beginning to show a higher low and lower high and now bouncing higher again..possible symmetrical triangles that are more likely than not going to breakdown in a week or 2
- many stocks well off the highs
- quite a few long setups but none are great
- spy continues to move lower...doesn't seem to have the strength to make a bounce higher possible today
Savy, young traders putting everything on the line for a piece of the big pie...
Wednesday, June 9, 2010
6/9 - eod scan
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