Tuesday, December 7, 2010

MMM Update

If you like the MMM short trade, it has just hit a gap level, gaps often provide good support/resistance which means a bounce here can offer a better entry.

 1 min showing a positive divergence (bounce) around gap support.

The hourly chart however, shows MMM in a long divergence on a 60 min chart, a decent bounce would lessen the risk of a short position.

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