Tuesday, May 31, 2011

VRML Update

I updated the VRML trade last week, this was the last update on Friday and as usual, a head fake fit right into the move.

 Positive hourly divergence

The 1 min chart shows no negative divergence and is in line with price, VRML seems to be following the broader market. At this point, I would consider raising my stop a bit, but I would let this trade develop a bit more.  Early morning trade can be misleading.

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