Tuesday, December 6, 2011

Waiting For The Pullback To The MAs

While it is possible that a pullback will not occur, it is more likely that it will, and probably somewhere in the zone of the 12ema and 50ema as was the case after previous rallies this year.  Today's price action produced a doji-like candle, which may be signalling that the pullback is at hand.

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