Tuesday, May 10, 2011

PSLV

Remember I said that the shortening of the cycle up should be fairly obvious...

 Here's a 15 min. chart of PSLV showing accumulation in white (on the order of a decent bounce), once above the red trendline PSLV has entered the mark up stage and this is when distribution begins, it usually would take several days, the idea is to accumulate, push price through mark up above your average accumulated position and then start to distribute that position into rising demand.

This 1 min chart of PSLV shows this morning in the white box, does anything standout about 3C in the first hour of trade?

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