Wednesday, December 30, 2009

Genting Trading Inside the Channel




Big Boys selling at high volume as shown by Volume Distribution chart resulting in a retest of the lower green channel boundary. Price will probably continue trading within the green channel as bulls and bears fight to gain control of the market. If the bulls win trading will move into the region between the upper red channel boundary and the upper green channel boundary. However, if the bears take control expect a fall towards the lower orange channel support.

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